Independent Director Gabriel Kabazo Sold A Bunch Of Shares In Hydreight Technologies

We note that the Hydreight Technologies Inc. (CVE:NURS) Independent Director, Gabriel Kabazo, recently sold CA$137k worth of stock for CA$2.43 per share. It wasn't a huge sale, but it did reduce their holding by 27%. This does not instill confidence.

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Hydreight Technologies Insider Transactions Over The Last Year

Notably, that recent sale by Gabriel Kabazo is the biggest insider sale of Hydreight Technologies shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of CA$2.28. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Gabriel Kabazo ditched 90.43k shares over the year. The average price per share was CA$1.92. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Hydreight Technologies

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Does Hydreight Technologies Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own CA$4.0m worth of Hydreight Technologies stock, about 3.9% of the company. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Hydreight Technologies Tell Us?

An insider sold Hydreight Technologies shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. When you consider that most companies have higher levels of insider ownership, we're a little wary. 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. In terms of investment risks, we've identified 3 warning signs with Hydreight Technologies and understanding these should be part of your investment process.

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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.