Even if it's not a huge purchase, we think it was good to see that Connor Cruise, the Chairman & Interim CEO of Wikileaf Technologies Inc. (CSE:WIKI) recently shelled out CA$50k to buy stock, at CA$0.05 per share. While that isn't the hugest buy, it actually boosted their shareholding by 57%, which is good to see.
Wikileaf Technologies Insider Transactions Over The Last Year
Notably, that recent purchase by Connor Cruise is the biggest insider purchase of Wikileaf Technologies shares that we've seen in the last year. That implies that an insider found the current price of CA$0.05 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Wikileaf Technologies share holders is that an insider was buying at near the current price. Connor Cruise was the only individual insider to buy shares in the last twelve months.
Connor Cruise bought a total of 1.26m shares over the year at an average price of CA$0.045. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Wikileaf Technologies
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 16% of Wikileaf Technologies shares, worth about CA$1.1m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Wikileaf Technologies Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Wikileaf Technologies we think they are probably pretty confident of a bright future. 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. At Simply Wall St, we've found that Wikileaf Technologies has 5 warning signs (3 are significant!) that deserve your attention before going any further with your analysis.
Of course Wikileaf Technologies 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, but not derivative transactions.
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This article by Simply Wall St is general in nature. 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.
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