Yahoo Finance Prakash Hariharan Is The CEO & Chairman of AnalytixInsight Inc. (CVE:ALY) And They Just Spent CA$68k On Shares
Even if it's not a huge purchase, we think it was good to see that Prakash Hariharan, the CEO & Chairman of AnalytixInsight Inc. (CVE:ALY) recently shelled out CA$68k to buy stock, at CA$0.27 per share. That purchase might not be huge but it did increase their holding by 10%.
Check out our latest analysis for AnalytixInsight
The Last 12 Months Of Insider Transactions At AnalytixInsight
Notably, that recent purchase by Prakash Hariharan is the biggest insider purchase of AnalytixInsight shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (CA$0.47), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
AnalytixInsight is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that AnalytixInsight insiders own about CA$2.5m worth of shares (which is 6.8% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About AnalytixInsight Insiders?
The recent insider purchase is 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. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that AnalytixInsight insiders are expecting a bright future. 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.
But note: AnalytixInsight 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, 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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