Directors’ Trades: As Nuix recovers from last month’s lows, one director made a $501,180 buy
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The most intriguing big buy from a director last week came for forensic data company Nuix (ASX:NXL).
After briefly falling below its $5 IPO price, Nuix is now slightly above that watermark. Buying $501,180 in shares off market was board member and CEO Rodney Vawdrey.
Another buyer of an under pressure tech stock was John Wylie of BNPL company Humm (ASX:HUM) – he bought $485,397 on market.
Humm has actually gone backwards in two years having seen the spike in bad debts lead to the broad BNPL sell off when COVID-19 first broke out.
|SOM||SomnoMed||Hamish Corlett||Buy||17 March||1,071,253||$2,035,381||On market|
|FZR||Fitzroy River Corporation||Malcolm McComas||Buy||23 March||937,830||$112,540||Rights Issue|
|FZR||Fitzroy River Corporation||Susan Thomas||Buy||23 March||2,992,341||$359,081||Rights Issue|
|BID||Bill Identity||Guy Maine||Sell||23 March||700,000||$602,000||On market|
|PPC||Pro-Pac Packaging||Jonathan Ling||Buy||18 March||515,159||$100,042||On market|
|HUM||Humm||John Wylie||Buy||23 March||495,000||$485,397||On market|
|DRR||Deterra Royalties||Graeme Devlin||Buy||19 March||40,000||$158,000||On market|
|CI1||Credit Intelligence||Russell Goodman||Sell||22 March||4,250,000||$140,250||On market|
|DDR||Dicker Data||Vladimir Mitnovetski||Buy||24 Mar||10,000||$101,000||On market|
|CST||Castile Resources||Mark Hepburn||Buy||24 March||810,000||$175,498||On market|
|MCP||McMillan Shakespeare||John Bennetts||Buy||25 March||148,648||$1,675,455||On market|
|ZBT||Zebit||Miriam Rivera||Buy||22 March||89,620||$121,611||On market|
|WWI||West Wits Mining||Jacobus van Heerden||Sell||19 March||2,700,000||$227,480||On market|
|RDY||ReadyTech||Mark Summerhayes||Buy||25 March||66,220||$110,961||On market|
|VAN||Vango Mining||Bruce McInnes||Buy||23 March||3,125,000||$181,250||Off market|
|NXL||Nuix||Rodney Vawdrey||Buy||25 March||100,000||$501,180||On market|
|INA||Ingenia||John McLaren||Buy||25 March||317,315||$1,538,470||Dividend Reinvestment plan|
|INA||Ingenia||Gary Shiffman||Buy||25 March||317,315||$1,538,470||Dividend Reinvestment plan|
|PNV||PolyNovo||Bruce Rathie||Sell||26 March||200,000||$571,221||On market|
|TSI||Top Shelf International||Adem Karafili||Buy||26 March||115,500||$249,630||On market|
|BOL||Boom Logistics||Stephen Grove||Buy||26 March||1,500,000||$200,000||On market|
|OBL||Omni Bridgeway||Hugh McLernon||Buy||23 March||209,008||$752,429||On market|
|TWD||Tamawood||Lev Mizikovsky||Buy||31 March||480,813||$1,634,764||Dividend Reinvestment plan|
|PAL||Palla Pharma||Simon Moore||Buy||8 March||3,025,951||$672,435||Placement|
|EXP||Experience Co||Anthony Bocaut||Buy||29 March||500,000||$124,750||On market|
|DYL||Deep Yellow||Christophe Urtel||Sell||29 March||935,424||$645,503||SPP|
|PKD||Parkd||Bronte Howson||Buy||29 March||3,598,449||$179,922||Rights Issue|
|WHC||Whitehaven Coal||Paul Flynn||Buy||30 March||1,000,000||$1,766,355||On market|
|ESK||Etherstack||Peter Stephens||Buy||31 March||229,818||$143,855||On market|
|ASB||Austal||John Rothwell||Buy||30 March||454,000||$999,962||On market|
|CDY||Cellmid||Maria Halasz||Buy||1 April||1,427,639||$107,073||Rights Issue|
|CDY||Cellmid||Dennis Eck||Buy||1 April||5,185,036||$388,878||Rights Issue|
|MAD||Mader Group||Luke Mader||Buy||31 March||390,000||$331,500||On market|
|DCC||DigitalX||Peter Rubinstein||Buy||31 March||3,000,000||$191,994||On market|
But neither Vawdrey or Wylie came close to being the biggest buyers.
That title belonged to Paul Flynn from Whitehaven Coal (ASX:WHC) who bought over $1.7 million of his company’s shares on market last week.
Another three directors chipped in over $1.5 million in as part of a dividend reinvestment plan – a scheme where shareholders can use dividends to buy further shares in the company.
Lev Mizikovsky of Queensland homebuilder Tamawood (ASX:TWD) was one while the other two were John McLaren and Gary Shiffman from lifestyle community operator Ingenia Communities (ASX:INA).
Rounding out the list of $1m+ buyers was John Bennetts of McMillan Shakespeare (ASX:MCP) who made an on market purchase of $1,675,455.
His company is a provider of financial products such as salary packaging, novated leasing and asset management.
There were only a handful of sales in the last fortnight.
The biggest sale came from a director of Bill Identity (ASX:BID) which is an expense management software company once headed by James Baillieu.
Guy Maine sold just over $600,00 in shares a move the company said was to meet tax obligations and “to part-fund the purchase of a primary residence”.
Bruce Rathie from PolyNovo (ASX:PNV) parted with just over $500,000 in shares – again to meet tax obligations.
And Jac van Heerden of West Wits Mining (ASX:WWI) sold over $200,000 in shares to pay a tax bill – shares which the company noted he periodically received in lieu of a cash salary to ensure cash was free for the company’s project.