Whilst it may not be a huge deal, we thought it was good to see that the Avante Logixx Inc. (CVE:XX) Independent Chairman, Samuel Duboc, recently bought CA$63k worth of stock, for CA$1.26 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 25%.
Avante Logixx Insider Transactions Over The Last Year
The CEO & Director Craig Campbell made the biggest insider purchase in the last 12 months. That single transaction was for CA$89k worth of shares at a price of CA$0.85 each. We do like to see buying, but this purchase was made at well below the current price of CA$1.28. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months Avante Logixx insiders were buying shares, but not selling. The average buy price was around CA$1.05. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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).
Does Avante Logixx Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Avante Logixx insiders own 29% of the company, worth about CA$7.9m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Avante Logixx Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Avante Logixx shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Avante Logixx. Every company has risks, and we've spotted 4 warning signs for Avante Logixx (of which 2 make us uncomfortable!) you should know about.
But note: Avante Logixx 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.
This article by Simply Wall St is general in nature. 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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