Yahoo Finance A Canadian Imperial Bank of Commerce (TSE:CM) insider increased their holdings by 6.9% last year
Insiders were net buyers of Canadian Imperial Bank of Commerce's (TSE:CM ) stock during the past year. That is, insiders bought more stock than they sold.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Canadian Imperial Bank of Commerce
The Last 12 Months Of Insider Transactions At Canadian Imperial Bank of Commerce
The Senior EVP & Group Head of Personal and Business Banking - Canada Laura Dottori-Attanasio made the biggest insider purchase in the last 12 months. That single transaction was for CA$100k worth of shares at a price of CA$70.00 each. That means that an insider was happy to buy shares at above the current price of CA$63.17. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Laura Dottori-Attanasio.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Canadian Imperial Bank of Commerce is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Canadian Imperial Bank of Commerce insiders own about CA$26m worth of shares. That equates to 0.05% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Canadian Imperial Bank of Commerce Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Canadian Imperial Bank of Commerce insiders are doubting the company, and they do own shares. Of course, the future is what matters most. So if you are interested in Canadian Imperial Bank of Commerce, you should check out this free report on analyst forecasts for the company.
But note: Canadian Imperial Bank of Commerce may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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