Here are 4 ASX shares insiders are putting their money behind

Execs are having a hard time passing up on buying more shares in these four ASX-listed companies…

| More on:
a man in a business suit holds his hand up to his mouth as though sharing a secret and gives a sly grin.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

When investing in ASX shares it can sometimes be helpful to make a note of which companies have experienced recent insider buying.

The reason is, there aren't too many people who would likely have a better understanding of the company's value than those on the board. Therefore, it is considered a vote of confidence when an insider buys shares in the company they are a part of.

Let's take a look at a handful of ASX shares with recent insider buying.

4 ASX shares execs have been loading up on

Codan Limited (ASX: CDA)

Shares in the communications equipment and metal detector manufacturer have struggled to put a foot in a positive direction since June 2021. Since then, the Codan share price has fallen 54% to its current level of $8.78.

It appears investors are treading cautiously and giving the company some time to digest its two acquisitions carried out in the first half of last year. The combined outlay for the acquisitions of Zetron and Domo Tactical Communications totalled $173 million.

However, this hasn't stopped non-executive director Graeme Rodger Barclay from loading up last month. According to the notice, Barclay acquired 5,162 shares at a price of $9.71. This equates to an investment worth $50,102 at the time.

Life360 Inc (ASX: 360)

The next ASX share making the list is the family safety service company, Life360. Shareholders have been rewarded for holding onto this share over the last year, with its price rising 137%. However, since mid-November, the Life360 share price has fallen 37%.

In November, Life360 announced its plans to acquire the "leading platform for finding things" Tile for a smooth $280 million. Though, the market's sentiment towards the company has waned — possibly waiting for a positive indicator before making further moves.

For board member James Synge, there was no need for further indication on 7 December 2021. Making the biggest investment on our list, the SEEK Limited (ASX: SEK) founder nabbed himself 50,000 shares worth $518,800.

Collins Food Ltd (ASX: CKF)

One exec on the board of Collins Foods must have thought the share price was finger-licking good in December. Despite the Australian KFC and Taco Bell franchisee being not too far off all-time highs, Mark Hawthorne of Collins Foods had a nibble.

Investors have been hungry for more shares in this restaurant operator recently. This follows the release of its half-year results, showing a 31.6% increase in underlying net profits of $28.9 million.

According to the notice, Hawthorne helped himself to 3,000 shares in Collins Foods at a total value of $39,899.

Harvey Norman Holdings Limited (ASX: HVN)

Finally, the last ASX share on our list with recent insider buying is retailing giant Harvey Norman. Once again, this company — like others in this article — has been placed in the undesired basket by investors recently. Since August, shares in Harvey Norman have slipped 11%.

The weakness in this Aussie retailer began around the time it released its FY21 results to the market. Despite growing comparable sales by ~14% and delivering a bumper profit, investors showed discontent towards this ASX share.

Co-founder Gerry Harvey has taken the opportunity to load up on some more shares. On 2 December, Harvey acquired 47,810 shares for a total value of $236,658.

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia owns and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has recommended Collins Foods Limited and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »