Yahoo Finance Insider Buying: The StorageVault Canada Inc. (CVE:SVI) CFO & Director Just Bought 2.6% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the StorageVault Canada Inc. (CVE:SVI) CFO & Director, Iqbal Khan, recently bought CA$50k worth of stock, for CA$4.04 per share. Although the purchase is not a big one, increasing their shareholding by only 2.6%, it can be interpreted as a good sign.
View our latest analysis for StorageVault Canada
The Last 12 Months Of Insider Transactions At StorageVault Canada
In fact, the recent purchase by CFO & Director Iqbal Khan was not their only acquisition of StorageVault Canada shares this year. They previously made an even bigger purchase of CA$100k worth of shares at a price of CA$3.50 per share. So it's clear an insider wanted to buy, at around the current price, which is CA$3.99. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for StorageVault Canada share holders is that insiders were buying at near the current price.
While StorageVault Canada insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 3.1% of StorageVault Canada shares, worth about CA$45m. 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 StorageVault Canada Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest StorageVault Canada insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing StorageVault Canada. Every company has risks, and we've spotted 1 warning sign for StorageVault Canada you should know about.
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.
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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