Yahoo Finance Have Insiders Been Selling Lite Access Technologies Inc. (CVE:LTE) Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Lite Access Technologies Inc. (CVE:LTE), you may well want to know whether insiders have been buying or selling.
Do Insider Transactions Matter?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
We don’t think shareholders should simply follow insider transactions. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, ‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’
Check out our latest analysis for Lite Access Technologies
The Last 12 Months Of Insider Transactions At Lite Access Technologies
Over the last year, we can see that the biggest insider sale was by Co-Founder & Advisor Michael Plotnikoff for CA$190k worth of shares, at about CA$1.46 per share. Although we don’t gain confidence from insider selling, we note that this large sale was at well above current price of CA$0.37. So it may not shed much light on insider confidence at current levels.
Over the last year, we can see that insiders have bought 128.75k shares worth CA$92k. But insiders sold 378.50k shares worth CA$481k. In total, Lite Access Technologies insiders sold more than they bought over the last year. The sellers received a price of around CA$1.27, on average. We are not joyful about insider selling. But the selling was at much higher prices than the current share price (CA$0.37), so it probably doesn’t tell us a lot about the value on offer today. The chart below shows insider transactions 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.
Have Lite Access Technologies Insiders Traded Recently?
There was only a small bit of insider buying, worth CA$4.6k, in the last three months. Looking at the net result, we don’t think these recent trades shed much light on how insiders, as a group, are feeling about the company’s prospects.
Insider Ownership of Lite Access Technologies
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Lite Access Technologies insiders own 18% of the company, currently worth about CA$3.0m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Lite Access Technologies Insider Transactions Indicate?
We note a that there has been a tad more insider buying than selling, recently. But the net investment is not enough to encourage us much. Our analysis of Lite Access Technologies insider transactions leaves us cautious. But it’s good to see that insiders own shares in the company. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow .
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
