Yahoo Finance Favourable Signals For Calfrac Well Services: Numerous Insiders Acquired Stock
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Calfrac Well Services Ltd.'s (TSE:CFW) case, it's fantastic news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Calfrac Well Services
The Last 12 Months Of Insider Transactions At Calfrac Well Services
Over the last year, we can see that the biggest insider purchase was by Independent Director Charles Pellerin for CA$173k worth of shares, at about CA$3.85 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$4.58. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 119.70k shares worth CA$467k. But they sold 17.30k shares for CA$72k. In total, Calfrac Well Services insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Calfrac Well Services
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 12% of Calfrac Well Services shares, worth about CA$47m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Calfrac Well Services Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Calfrac Well Services and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Calfrac Well Services. At Simply Wall St, we found 2 warning signs for Calfrac Well Services that deserve your attention before buying any shares.
Of course Calfrac Well Services may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
