Yahoo Finance Insider Buying: The Sleep Country Canada Holdings Inc. (TSE:ZZZ) Chief Business Development Officer & Corporate Secretary Just Bought CA$59k Worth Of Shares
Even if it's not a huge purchase, we think it was good to see that Stewart Schaefer, the Chief Business Development Officer & Corporate Secretary of Sleep Country Canada Holdings Inc. (TSE:ZZZ) recently shelled out CA$59k to buy stock, at CA$11.85 per share. However, we do note that it only increased their holding by 1.9%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Sleep Country Canada Holdings
The Last 12 Months Of Insider Transactions At Sleep Country Canada Holdings
Notably, that recent purchase by Stewart Schaefer is the biggest insider purchase of Sleep Country Canada Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$9.71). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Over the last year, we can see that insiders have bought 16.08k shares worth CA$266k. But they sold 2785 shares for CA$58k. In the last twelve months there was more buying than selling by Sleep Country Canada Holdings insiders. They paid about CA$16.53 on average. This is nice to see since it implies that insiders might see value around current prices (around CA$9.71). You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Sleep Country Canada Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Sleep Country Canada Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 3.2% of Sleep Country Canada Holdings shares, worth about CA$11m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Sleep Country Canada Holdings Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in Sleep Country Canada Holdings shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for Sleep Country Canada Holdings you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
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