Osisko Development Up 15%, Insider Buyers Are Up 47%

Osisko Development Corp. (CVE:ODV) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 15%, resulting in a CA$66m rise in the company's market capitalisation, translating to a gain of 47% on their initial investment. As a result, their original purchase of CA$2.78m worth of stock is now worth CA$4.10m.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Osisko Development Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Marina Katusa for CA$1.4m worth of shares, at about CA$2.43 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$3.58. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Over the last year, we can see that insiders have bought 1.14m shares worth CA$2.8m. On the other hand they divested 20.80k shares, for CA$48k. In total, Osisko Development insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Osisko Development

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insiders At Osisko Development Have Bought Stock Recently

We saw some Osisko Development insider buying shares in the last three months. insider David Rouleau shelled out CA$50k for shares in that time. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.

Insider Ownership Of Osisko Development

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Osisko Development insiders own 0.5% of the company, worth about CA$2.5m. We consider this fairly low insider ownership.

What Might The Insider Transactions At Osisko Development Tell Us?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Osisko Development insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of 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. Our analysis shows 4 warning signs for Osisko Development (2 are a bit unpleasant!) and we strongly recommend you look at them before investing.

Of course Osisko Development may not be the best stock to buy. So you may wish to see this free collection of high quality 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.