Yahoo Finance Insiders Buying InsuraGuest Technologies Might Wish They Invested More, Stock Gains 25%
Last week, InsuraGuest Technologies Inc. (CVE:ISGI) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 25% last week, resulting in a CA$851k increase in the company's market worth, implying a 78% gain on their initial purchase. In other words, the original US$626.5k purchase is now worth US$1.11m.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for InsuraGuest Technologies
InsuraGuest Technologies Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when CEO & Chairman Douglas Anderson bought CA$136k worth of shares at a price of CA$0.015 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.025. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months insiders purchased 44.54m shares for CA$626k. But insiders sold 4.08m shares worth CA$53k. Overall, InsuraGuest Technologies insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insiders At InsuraGuest Technologies Have Bought Stock Recently
Over the last quarter, InsuraGuest Technologies insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought CA$573k worth of shares. This makes one think the business has some good points.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that InsuraGuest Technologies insiders own 30% of the company, worth about CA$1.3m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At InsuraGuest Technologies Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of InsuraGuest Technologies we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - InsuraGuest Technologies has 5 warning signs we think 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 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.
