Yahoo Finance The of Ivrnet Inc. (CVE:IVI), David Snell, Just Bought 39% More Shares
Investors who take an interest in Ivrnet Inc. (CVE:IVI) should definitely note that insider David Snell recently paid CA$0.025 per share to buy CA$153k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 39%.
View our latest analysis for Ivrnet
The Last 12 Months Of Insider Transactions At Ivrnet
Notably, that recent purchase by David Snell is the biggest insider purchase of Ivrnet shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$0.025. 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. 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 Ivrnet share holders is that insiders were buying at near the current price.
Happily, we note that in the last year insiders paid CA$156k for 6.27m shares. But they sold 1776500 for CA$45k. In the last twelve months there was more buying than selling by Ivrnet insiders. You can see a visual depiction of insider transactions (by 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 growing companies that insiders are buying.
Insider Ownership of Ivrnet
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Ivrnet insiders own 31% of the company, worth about CA$704k. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Ivrnet Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Ivrnet insiders are well aligned, and that they may think the share price is too low. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
Of course Ivrnet may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
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