Insiders have been buying Kogan and these ASX shares this week

Directors of Kogan.com Ltd (ASX:KGN) and these ASX shares have been buying shares through on-market trades this week…

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I like to keep a close eye on which shares have experienced meaningful insider buying.

This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its own directors.

A number of shares have reported meaningful insider buying this week. Here are a few that caught my eye:

Dicker Data Ltd (ASX: DDR

This wholesale distributor of computer hardware and software has seen two of its directors buy shares on-market this week. According to the change of director's interest notices, chief financial officer Mary Stojcevski and chief operating officer Vladimir Mitnovetski bought shares through on-market trades on March 9. Stojcevski picked up a modest 3,000 shares at $5.50 per share and Mitnovetski snapped up 29,806 shares for an average of ~$5.37 per shares. This lifted their holdings to a total of 224,343 shares and 750,551 shares, respectively.

Kogan.com Ltd (ASX: KGN)

The independent non-executive chairman of this ecommerce company has been adding to his position following a sharp share price decline in recent weeks. According to the change of director's interest notice, Greg Ridder bought 5,500 shares on March 5 and 5,000 shares on March 9. He paid a total of $45,063.48, which equates to approximately $4.29 per share. This lifted Mr Ridder's holding to a total of 171,000 shares.

Mayne Pharma Group Ltd (ASX: MYX)

One of this struggling pharmaceutical company's non-executive directors has been buying a considerable number of shares through a series of on-market trades over the last seven days. According to the notice, Bruce Mathieson picked up a total of 3,112,726 shares between March 4 and March 11. Mr Mathieson paid a total of $982,335.64 for the shares, which equates to an average of ~31.6 cents per share. These purchases lifted his overall holding to a sizeable 105,577,583 shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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