Sovereign Cloud Holdings Ltd
ASX:SOV
We don't have any information about SOV's insider trading.
Sovereign Cloud Holdings Ltd
Glance View
Sovereign Cloud Holdings Ltd. provides cloud based infrastructure as a service. The company is headquartered in Canberra, Australian Capital Territory. The company went IPO on 2020-12-14. The firm is focused on delivering sovereign cloud services to Australian Governments and critical national industries. The firm's service offerings include compute as a service (CaaS), storage as a service (STaaS), backup as a service (BaaS), disaster recovery as a service (DRaaS), virtual desktop as a service (VDaaS) and others. Its CaaS is a sovereign solution, which is ideal for workloads requiring scalability and high security. STaaS offers an adaptable, S3-compatible storage platform that functions as both active and archive storage. BaaS offers backup for AUCloud hosted virtual machines (VMs) and is a secure external backup target for on-premise VMs and data. DRaaS offers replication and recovery of on-premise VMs or entire environments to the cloud, ensuring minimal downtime during planned and unplanned Information Technology (IT) outages.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
