Stock Analysis

Have Insiders Sold NanoXplore Inc. (CVE:GRA) Shares Recently?

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TSX:GRA
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Some NanoXplore Inc. (CVE:GRA) shareholders may be a little concerned to see that the Founder, Soroush Nazarpour, recently sold a substantial CA$4.0m worth of stock at a price of CA$4.00 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 7.8%.

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NanoXplore Insider Transactions Over The Last Year

In fact, the recent sale by Soroush Nazarpour was the biggest sale of NanoXplore shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even below the current price of CA$4.31. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 7.8%of Soroush Nazarpour's holding.

Over the last year, we can see that insiders have bought 303.64k shares worth CA$433k. But they sold 1.00m shares for CA$4.0m. 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!

insider-trading-volume
TSXV:GRA Insider Trading Volume February 17th 2021

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Insider Ownership of NanoXplore

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. It appears that NanoXplore insiders own 8.9% of the company, worth about CA$60m. 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 NanoXplore Tell Us?

The insider sales have outweighed the insider buying, at NanoXplore, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! 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. Be aware that NanoXplore is showing 3 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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