Yahoo Finance Troy Bullock Is The President of Nanotech Security Corp. (CVE:NTS) And They Just Spent CA$78k On Shares
Whilst it may not be a huge deal, we thought it was good to see that the Nanotech Security Corp. (CVE:NTS) President, Troy Bullock, recently bought CA$78k worth of stock, for CA$0.23 per share. Even though that isn't a massive buy, it did increase their holding by 52%, which is a arguably a good sign.
View our latest analysis for Nanotech Security
The Last 12 Months Of Insider Transactions At Nanotech Security
Notably, that recent purchase by Troy Bullock is the biggest insider purchase of Nanotech Security shares that we've seen in the last year. That means that even when the share price was higher than CA$0.21 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months Nanotech Security insiders were buying shares, but not selling. The average buy price was around CA$0.32. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Nanotech Security is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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 18% of Nanotech Security shares, worth about CA$2.6m. 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 Nanotech Security Insiders?
It is good to see recent purchasing. 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 Nanotech Security insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Nanotech Security. Case in point: We've spotted 3 warning signs for Nanotech Security you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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