Trade Alert: The Independent Chairman Of Avante Logixx Inc. (CVE:XX), Samuel Duboc, Has Just Spent CA$63k Buying 25% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Avante Logixx Inc. (CVE:XX) Independent Chairman, Samuel Duboc, recently bought CA$63k worth of stock, for CA$1.26 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 25%.

Check out our latest analysis for Avante Logixx

The Last 12 Months Of Insider Transactions At Avante Logixx

Over the last year, we can see that the biggest insider purchase was by CEO & Director Craig Campbell for CA$89k worth of shares, at about CA$0.85 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$1.52), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

While Avante Logixx insiders bought shares during the last year, they didn't sell. Their average price was about CA$1.05. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Avante Logixx

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 29% of Avante Logixx shares, worth about CA$7.9m. 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 Avante Logixx Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Avante Logixx we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Avante Logixx. At Simply Wall St, we've found that Avante Logixx has 4 warning signs (2 are significant!) that deserve your attention before going any further with your analysis.

Of course Avante Logixx 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. 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.
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