Yahoo Finance Insiders who bought stock earlier this year lose -US$85k as YANGAROO Inc. (CVE:YOO) drops to CA$3.7m
The recent 20% drop in YANGAROO Inc.'s (CVE:YOO) stock could come as a blow to insiders who purchased US$166k worth of stock at an average buy price of US$0.12 over the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth US$81k, which is not what they expected.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for YANGAROO
The Last 12 Months Of Insider Transactions At YANGAROO
In the last twelve months, the biggest single purchase by an insider was when insider Horace Boone bought CA$74k worth of shares at a price of CA$0.13 per share. That means that an insider was happy to buy shares at above the current price of CA$0.06. 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. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 1.35m shares for CA$166k. But insiders sold 98.61k shares worth CA$13k. In the last twelve months there was more buying than selling by YANGAROO insiders. 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 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.
YANGAROO Insiders Bought Stock Recently
There was some insider buying at YANGAROO over the last quarter. Independent Chairman Anthony Miller bought CA$37k worth of shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. However, in this case the amount invested recently is quite small.
Does YANGAROO Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that YANGAROO insiders own 24% of the company, worth about CA$884k. 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 Do The YANGAROO Insider Transactions Indicate?
We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. However, our analysis of transactions over the last year is heartening. Insiders own shares in YANGAROO and we see no evidence to suggest they are worried about the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that YANGAROO has 3 warning signs (2 are a bit unpleasant!) that deserve your attention before going any further with your analysis.
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.
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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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