The latest data from GuruFocus shows that Pres., CEO N/A bought 10000 shares of Kore Group Holdings Inc (KORE) on 2023-05-17.
When insiders buy shares of their company’s stock, it can often be a positive sign. It could signal that insiders are turning bullish on the future of their company. Insiders know far more about their company than the general public does, so it is worth paying attention to their trades. With this in mind, let’s take a look at this insider buy to see if Kore Group Holdings Inc deserves the attention of investors.
Romil Bahl’s trades
Over the past year, Romil Bahl has purchased 0 shares in total.
This means that Romil Bahl has been buying their company’s stock over the long term. This could be a positive sign for the stock’s future.
Insider trends
Some investors may wonder whether one insider’s buys are that important. Are other insiders buying the stock as well, or are other insiders selling?
The insider transaction history for Kore Group Holdings Inc shows than there have been 20 insiders buys in total over the past year. Meanwhile, there have been 0 insider sells over the same timeframe.
We like to see more insider buys compared to insider sells. This indicates a bullish trend among the company’s top executives and owners. The more insiders are buying, the more likely it is that the stock is undervalued.
Valuation
Shares of Kore Group Holdings Inc were trading for $1.62 apice on the day of Romil Bahl’s recent buy. This gives the stock a market cap of $123.993 Millions.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
