We usually like to see fairly high levels of insider ownership. Does Altium Boast High Insider Ownership?įor a common shareholder, it is worth checking how many shares are held by company insiders.
#PURCHASE OF ALTIUM 10 FREE#
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. By clicking on the graph below, you can see the precise details of each insider transaction!ĪSX:ALU Recent Insider Trading, April 10th 2019 You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. But we wouldn't put too much weight on the insider selling. We don't gain confidence from insider selling below the recent share price. They sold for an average price of about US$25.11. Over the last year we saw more insider selling of Altium shares, than buying. In the last twelve months insiders purchased 20406 shares for AU$396k. It is worth noting that this sale was only 2.1% of Samuel Weiss's holding. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. That means that even when the share price was below the current price of AU$32.15, an insider wanted to cash in some shares. Over the last year, we can see that the biggest insider sale was by the Independent Non-Executive Chairman, Samuel Weiss, for AU$930k worth of shares, at about AU$23.26 per share. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.Ĭheck out our latest analysis for Altium Altium Insider Transactions Over The Last Year But it is perfectly logical to keep tabs on what insiders are doing. Sources: Press materials received from the company and additional information gleaned from the company’s website.We don't think shareholders should simply follow insider transactions. Autodesk does not intend to make any additional comments on this matter unless and until it believes it is appropriate to do so or a definitive agreement has been reached. There is no certainty that any transaction will ultimately be agreed to or as to the terms on which such a transaction, if any, might occur. The proposal is indicative, non-binding and subject to a number of conditions including, but not limited to, satisfactory completion of due diligence, unanimous recommendation in favor of the transaction by the Altium board, agreement between Autodesk and Altium and execution of a scheme implementation agreement incorporating customary terms and conditions for a transaction of this nature, Altium shareholder and court approval, receipt of all applicable regulatory approvals and no material adverse change to Altium. Autodesk intends to finance the transaction using cash on hand and debt financing. The proposal represents a 41.5% premium over Altium's closing price of AUD$27.21 on June 4, 2021, one business day prior to the announcement by Altium of Autodesk's proposal and a premium of over 47.4% to the one-month volume-weighted average price.
Autodesk believes Altium's solutions would be complementary to its portfolio, creating opportunities for customers while delivering value to Altium's shareholders. The proposed combination would advance Autodesk's strategy to converge design and make through a unified design, engineering and manufacturing cloud platform that enables greater productivity and sustainability for its customers.
#PURCHASE OF ALTIUM 10 SOFTWARE#
The company develops software used by printed circuit board (PCB) designers and electrical engineers at organizations around the world to deliver connected, intelligent products. Autodesk confirmed that it has submitted a non-binding proposal to acquire all the outstanding shares of common stock of Altium Limited for AUD$38.50, to be implemented by way of a scheme of arrangement.Īltium is a global software company headquartered in San Diego, CA, and publicly traded on the Australian Securities Exchange.
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