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Even if it's not a huge purchase, we think it was good to see that Valerie Sorbie, the Independent Director of Calian Group Ltd. (TSE:CGY) recently shelled out CA$82k to buy stock, at CA$48.27 per share. While that isn't the hugest buy, it actually boosted their shareholding by 360%, which is good to see.
Check out our latest analysis for Calian Group
The Last 12 Months Of Insider Transactions At Calian Group
Notably, that recent purchase by Valerie Sorbie is the biggest insider purchase of Calian Group shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$48.35. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Calian Group insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 4.57k shares for CA$217k. But insiders sold 367.00 shares worth CA$18k. In total, Calian Group insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Calian Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Calian Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own CA$5.8m worth of Calian Group stock, about 1.0% of the company. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Calian Group Tell Us?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Calian Group insiders are expecting a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Calian Group has 3 warning signs we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.