Yahoo Finance Trade Alert: The CFO and Administration & Finance Officer Of Radient Technologies Inc. (CVE:RTI), Prakash Hariharan, Has Just Spent CA$86k Buying 75% More Shares
Even if it's not a huge purchase, we think it was good to see that Prakash Hariharan, the CFO and Administration & Finance Officer of Radient Technologies Inc. (CVE:RTI) recently shelled out CA$86k to buy stock, at CA$0.20 per share. Even though that isn't a massive buy, it did increase their holding by 75%, which is arguably a good sign.
Check out our latest analysis for Radient Technologies
Radient Technologies Insider Transactions Over The Last Year
In fact, the recent purchase by Prakash Hariharan was the biggest purchase of Radient Technologies shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of CA$0.16. 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. In our view, the price an insider pays for shares is very important. 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.
Radient Technologies insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Radient Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Radient 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. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Radient Technologies insiders own 5.5% of the company, worth about CA$2.8m. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Radient Technologies Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Radient Technologies insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Radient Technologies. When we did our research, we found 4 warning signs for Radient Technologies (1 is potentially serious!) that we believe deserve your full attention.
Of course Radient Technologies 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.
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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. 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. Thank you for reading.
