1 week Ago By Simply Wall St.
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in ( ) case, it's fantastic news for shareholders. Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
In the last twelve months, the biggest single purchase by an insider was when Independent Director Ryan Shay bought CA$371k worth of shares at a price of CA$4.90 per share. We do like to see buying, but this purchase was made at well below the current price of CA$7.
24. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price. Happily, we note that in the last year insiders paid CA$514k for 105.
67k shares. But they sold 81.01k shares for CA$392k.
Overall, Crew Energy insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Crew Energy is not the only stock that insiders are buying.
For those who like to find this Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Crew Energy insiders own 12% of the company, currently worth about CA$140m based on the recent share price.
Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. The fact that there have been no Crew Energy insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening.
Judging from their transactions, and high insider ownership, Crew Energy insiders feel good about the company's future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified you should be aware of.
Of course . So you may wish to see this.
