Have Insiders Sold CES Energy Solutions Shares Recently?

We wouldn't blame CES Energy Solutions Corp. (TSE:CEU) shareholders if they were a little worried about the fact that Kyle Kitagawa, the Independent Chairman of the Board recently netted about CA$2.2m selling shares at an average price of CA$10.76. That's a big disposal, and it decreased their holding size by 15%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At CES Energy Solutions

Notably, that recent sale by Independent Chairman of the Board Kyle Kitagawa was not the only time they sold CES Energy Solutions shares this year. They previously made an even bigger sale of -CA$3.0m worth of shares at a price of CA$10.01 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of CA$11.67. 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. We note that the biggest single sale was only 19% of Kyle Kitagawa's holding.

Happily, we note that in the last year insiders paid CA$3.1m for 279.85k shares. But they sold 929.56k shares for CA$8.4m. All up, insiders sold more shares in CES Energy Solutions than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for CES Energy Solutions

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Insider Ownership Of CES Energy Solutions

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 3.7% of CES Energy Solutions shares, worth about CA$92m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At CES Energy Solutions Tell Us?

The recent insider purchases are heartening. On the other hand the transaction history, over the last year, isn't so positive. We don't take much heart from transactions by CES Energy Solutions insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. Overall they seem reasonably aligned. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CES Energy Solutions. At Simply Wall St, we found 1 warning sign for CES Energy Solutions that deserve your attention before buying any shares.

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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.