In This Article:
Cleantek Industries Inc. (CVE:CTEK) insiders who acquired shares over the previous 12 months, can probably afford to ignore the recent 19% decline in the stock price. After taking the recent loss into consideration, the CA$160.1k worth of stock they bought is now worth CA$312.6k, indicating that their investment yielded a positive return.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Cleantek Industries Insider Transactions Over The Last Year
The insider Riley Taggart made the biggest insider purchase in the last 12 months. That single transaction was for CA$100k worth of shares at a price of CA$0.15 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.28. 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.
While Cleantek Industries insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Cleantek Industries
Cleantek Industries is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Cleantek Industries
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 17% of Cleantek Industries shares, worth about CA$1.3m. 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 Cleantek Industries Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Cleantek Industries insiders are doubting the company, and they do own shares. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Cleantek Industries has 2 warning signs and it would be unwise to ignore these.