Sandstorm Gold Insider Lowered Holding By 17% During Last Year

Insiders were net sellers of Sandstorm Gold Ltd.'s (TSE:SSL ) stock during the past year. That is, insiders sold more stock than they bought.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Sandstorm Gold

Sandstorm Gold Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Co-Founder, David Awram, sold CA$965k worth of shares at a price of CA$6.45 per share. That means that even when the share price was below the current price of CA$8.02, 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. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 17% of David Awram's stake. David Awram was the only individual insider to sell shares in the last twelve months.

David Awram sold a total of 219.00k shares over the year at an average price of US$6.52. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insiders At Sandstorm Gold Have Bought Stock Recently

It's good to see that Sandstorm Gold insiders have made notable investments in the company's shares. Specifically, Co-Founder Nolan Watson bought CA$249k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.

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. It appears that Sandstorm Gold insiders own 1.2% of the company, worth about CA$30m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Sandstorm Gold Tell Us?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. We don't take much heart from transactions by Sandstorm Gold 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. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Sandstorm Gold has 2 warning signs and it would be unwise to ignore these.

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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.