Even if it's not a huge purchase, we think it was good to see that Theresa B. Jang, the Executive VP & CFO of Stantec Inc. (TSE:STN) recently shelled out CA$100k to buy stock, at CA$36.12 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 43%.
Stantec Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Executive VP & COO Scott Murray bought CA$135k worth of shares at a price of CA$31.66 per share. So it's clear an insider wanted to buy, at around the current price, which is CA$36.57. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Stantec insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 18.55k shares worth CA$592k. But they sold 1360 for CA$39k. In the last twelve months there was more buying than selling by Stantec insiders. You can see a visual depiction of insider transactions (by 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!
Stantec is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Stantec insiders own 0.5% of the company, worth about CA$20m. 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 Does This Data Suggest About Stantec Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Stantec we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Stantec, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.