This Bridge SaaS Insider Reduced Their Stake By 100%

Viewing insider transactions for Bridge SaaS Limited's (ASX:BGE ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Bridge SaaS Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Rupert Taylor-Price, sold AU$729k worth of shares at a price of AU$0.03 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of AU$0.025. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Rupert Taylor-Price.

Happily, we note that in the last year insiders paid AU$655k for 34.99m shares. But insiders sold 29.46m shares worth AU$729k. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Bridge SaaS

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Insiders At Bridge SaaS Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at Bridge SaaS. insider Lachlan Dykes spent AU$467k on stock, and there wasn't any selling. That shows some optimism about the company's future.

Insider Ownership Of Bridge SaaS

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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Bridge SaaS insiders own 31% of the company, worth about AU$1.6m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Bridge SaaS Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The more recent transactions are a positive, but Bridge SaaS insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. In short they are likely aligned with shareholders. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 6 warning signs for Bridge SaaS (4 don't sit too well with us!) and we strongly recommend you look at them before investing.

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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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.