The DataPro share price increased 220 % over the last year, but it has been shedding some of its earlier gains over the last few weeks.
Reaching a high of R 3.55 at the end of June it soon dropped back to around R 2.50 and is currently trading at R 2.30 per share.
Two DataPro executives – CEO Douglas Reed and Executive Director Gary Sweidan – are making the most of this lower price and have purchased 4 749 515 shares over the last two weeks. This amounts to an investment exceeding R 10 Million.
While the two executives can not make public statements about the share price and what they see as good value, it is clear that both Reed and Sweidan feel that it is a good buy at the current rate.
DataPro has various new products in the pipeline which may be why Reed and Sweidan are willing to fork out millions to increase their personal portfolios at the current price.