Ahn Cheol-soo, a South Korean politician and founder of cybersecurity firm AhnLab, purchased an additional 10,000 shares of AhnLab stocks between the 22nd and 29th of this month for approximately 533 million won, according to disclosure filings with the Korea Exchange. The purchases increased his ownership stake from 17.08% to 17.17%, bringing his total holdings to 1.91 million shares. This marks Ahn's second round of stock acquisitions within one month, following his first direct purchase of company shares since AhnLab's KOSDAQ listing in 2001. The stock purchases come as AhnLab reported Q2 revenue growth of 14.5% year-over-year.
Ahn Cheol-soo Completes Six Transactions Over One-Week Period
Ahn conducted a total of six separate on-market purchases between the 22nd and 29th of this month, acquiring 10,000 AhnLab ordinary shares for a total of approximately 533 million won. His AhnLab holdings increased from 1.9 million shares to 1.91 million shares, with his ownership percentage rising 0.09 percentage points from 17.08% to 17.17%. Ahn remains AhnLab's founder and largest shareholder.
Between the 30th of last month and the 6th of this month, Ahn purchased 40,000 AhnLab shares for approximately 2.118 billion won through on-market transactions. This represented the first time Ahn directly purchased company shares since AhnLab's KOSDAQ market listing in 2001. Including the recent additional purchases, Ahn acquired a total of 50,000 AhnLab shares for approximately 2.65 billion won over the past month.
AhnLab Stock Price Remains in Box Range Despite Insider Buying
AhnLab's stock price has fluctuated in the low-to-mid 50,000 won range recently. The stock price was 52,500 won on the 30th of last month, rose to 55,500 won on the 10th of this month, but subsequently gave back those gains. The stock closed at 54,500 won on the 27th of this month and declined to 53,000 won the previous trading day. On this day, the stock fell to an intraday low of 50,800 won, recording a 52-week low, before closing at 52,000 won, down 1.89% from the previous trading day. Despite Ahn's stake expansion over the past month, the stock price has not shown a clear upward trend and continues to trade within a box range.
AhnLab Reports Q2 Operating Profit Growth of 55.6%
AhnLab announced its Q2 results on the same day as Ahn's stock purchase disclosure. AhnLab's Q2 consolidated revenue reached 71.3 billion won, an increase of 14.5% compared to the same period last year. Operating profit totaled 5.4 billion won, up 55.6% over the same period.
AhnLab Founded in 1995 and Listed on KOSDAQ in 2001
Ahn established AhnLab's predecessor, the Ahn Cheol-soo Computer Virus Research Institute, in 1995. The company listed on the KOSDAQ market in 2001 and changed its corporate name from Ahn Cheol-soo Research Institute to AhnLab in 2012.
FAQ
How many AhnLab shares did Ahn Cheol-soo purchase in total over the past month?
Ahn Cheol-soo purchased a total of 50,000 AhnLab shares for approximately 2.65 billion won over the past month. This includes 40,000 shares acquired between the 30th of last month and the 6th of this month for 2.118 billion won, and an additional 10,000 shares purchased between the 22nd and 29th of this month for 533 million won.
What were AhnLab's Q2 financial results?
AhnLab reported Q2 consolidated revenue of 71.3 billion won, representing a 14.5% increase compared to the same period last year. The company's operating profit reached 5.4 billion won, up 55.6% year-over-year.
