Have Insiders Sold Imaflex Shares Recently?

Investors may wish to note that the Vice President of Marketing & Innovation of Imaflex Inc., Ralf Dujardin, recently netted CA$93k from selling stock, receiving an average price of CA$1.41. It wasn't a huge sale, but it did reduce their holding by 15%. This does not instill confidence.

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The Last 12 Months Of Insider Transactions At Imaflex

In fact, the recent sale by Ralf Dujardin was the biggest sale of Imaflex shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (CA$1.52). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. 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. It is worth noting that this sale was only 15% of Ralf Dujardin's holding.

Imaflex insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Does Imaflex Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Imaflex insiders own 53% of the company, currently worth about CA$41m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Imaflex Tell Us?

Insiders sold Imaflex shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Imaflex is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Imaflex. At Simply Wall St, we found 2 warning signs for Imaflex that deserve your attention before buying any shares.

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 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.