Published on 26 Jul 2023 on Simply Wall St. via Yahoo Finance
Nuix Insiders May Regret Not Buying More, Market Cap Hits AU$417m
Insiders who bought Nuix Limited (ASX:NXL) stock in the last 12 months were richly rewarded last week. The company's market value increased by AU$154m as a result of the stock's 59% gain over the same period. As a result, their original purchase of AU$257k worth of stock is now worth AU$481k.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Nuix