Insider Buys Additional US$141k In Propel Holdings Stock

Even if it's not a huge purchase, we think it was good to see that Jonathan Goler, the Co-Founder & Chief Risk Officer of Propel Holdings Inc. (TSE:PRL) recently shelled out CA$141k to buy stock, at CA$23.45 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

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Propel Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Chair of the Board, Michael Stein, sold CA$10.0m worth of shares at a price of CA$20.00 per share. That means that even when the share price was below the current price of CA$24.60, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 8.4% of Michael Stein's stake.

In the last twelve months insiders purchased 8.00k shares for CA$188k. But they sold 1.78m shares for CA$40m. Over the last year we saw more insider selling of Propel Holdings shares, than buying. 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!

View our latest analysis for Propel Holdings

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Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Propel Holdings insiders own about CA$339m worth of shares (which is 37% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Propel Holdings Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at Propel Holdings, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that Propel Holdings is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To that end, you should learn about the 4 warning signs we've spotted with Propel Holdings (including 2 which make us uncomfortable).

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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.