Yahoo Finance Insiders Who Purchased CA$1.23m Of Tribe Property Technologies Stock May Not Have Expected 13% Tumble
Insiders who bought CA$1.23m worth of Tribe Property Technologies Inc.'s (CVE:TRBE) stock at an average buy price of CA$0.87 over the last year may be disappointed by the recent 13% decrease in the stock. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only CA$550.2k.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Tribe Property Technologies
Tribe Property Technologies Insider Transactions Over The Last Year
The Executive Vice President Randall Ullrich made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.0m worth of shares at a price of CA$4.33 each. That means that an insider was happy to buy shares at above the current price of CA$0.39. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. 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.
In the last twelve months Tribe Property Technologies insiders were buying shares, but not selling. They paid about CA$0.87 on average. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Tribe Property Technologies is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Tribe Property Technologies Insiders Bought Stock Recently
It's good to see that Tribe Property Technologies insiders have made notable investments in the company's shares. Overall, two insiders shelled out CA$1.1m for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.
Does Tribe Property Technologies 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. Insiders own 35% of Tribe Property Technologies shares, worth about CA$4.5m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Tribe Property Technologies Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Tribe Property Technologies we think they are probably pretty confident of a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Tribe Property Technologies is showing 4 warning signs in our investment analysis, and 3 of those are potentially serious...
But note: Tribe Property Technologies 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 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.
