This Insider Has Just Sold Shares In Stingray Group

We'd be surprised if Stingray Group Inc. (TSE:RAY.A) shareholders haven't noticed that the Senior VP & CTO, Mario DuBois, recently sold CA$201k worth of stock at CA$8.04 per share. However, the silver lining is that the sale only reduced their total holding by 8.1%, so we're hesitant to read anything much into it, on its own.

View our latest analysis for Stingray Group

The Last 12 Months Of Insider Transactions At Stingray Group

The Independent Non-Executive Director Francois-Charles Sirois made the biggest insider purchase in the last 12 months. That single transaction was for CA$14m worth of shares at a price of CA$7.08 each. Even though the purchase was made at a significantly lower price than the recent price (CA$8.10), we still think insider buying is a positive. 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.

In the last twelve months insiders purchased 2.47m shares for CA$17m. But insiders sold 73.70k shares worth CA$588k. Overall, Stingray Group insiders were net buyers during the last year. 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!

Stingray Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Stingray Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Stingray Group insiders own 26% of the company, currently worth about CA$142m 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.

So What Do The Stingray Group Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. But we take heart from prior transactions. And insider ownership remains quite considerable. So we're not too bothered by recent selling. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 3 warning signs with Stingray Group and understanding these should be part of your investment process.

But note: Stingray Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.