Have Calian Group Ltd. (TSE:CGY) Insiders Been Selling Their Stock?

We note that the Calian Group Ltd. (TSE:CGY) Independent Director, Raymond Basler, recently sold CA$67k worth of stock for CA$66.85 per share. On the bright side, that's just a small sale and only reduced their holding by 3.7%.

View our latest analysis for Calian Group

The Last 12 Months Of Insider Transactions At Calian Group

In the last twelve months, the biggest single sale by an insider was when the President, Kevin Ford, sold CA$488k worth of shares at a price of CA$65.15 per share. That means that an insider was selling shares at slightly below the current price (CA$68.67). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 31% of Kevin Ford's stake.

Over the last year, we can see that insiders have bought 4.38k shares worth CA$254k. But they sold 8.50k shares for CA$555k. In total, Calian Group insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Calian Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Calian Group insiders own about CA$6.4m worth of shares (which is 0.8% of the company). We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Calian Group Tell Us?

The stark truth for Calian Group is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. When you combine this with the relatively low insider ownership, we are very cautious about the stock. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for Calian Group you should be aware of.

Of course Calian Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.

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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.