Cryptoblox Technologies Insider Buyers See Boost After Market Cap Rose CA$2.2m

Insiders who bought Cryptoblox Technologies Inc. (CSE:BLOX) stock in the last 12 months were richly rewarded last week. The company's market value increased by CA$2.2m as a result of the stock's 13% gain over the same period. As a result, their original purchase of CA$900.0k worth of stock is now worth CA$3.15m.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Cryptoblox Technologies

The Last 12 Months Of Insider Transactions At Cryptoblox Technologies

In the last twelve months, the biggest single purchase by an insider was when insider Michael Chow bought CA$900k worth of shares at a price of CA$0.05 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.17. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

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!

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

Insiders At Cryptoblox Technologies Have Sold Stock Recently

We have seen a bit of insider selling at Cryptoblox Technologies, over the last three months. Chief Financial Officer Maryam Amin-Shanjani divested only CA$24k worth of shares in that time. It's not great to see insider selling, nor the lack of recent buyers. But the volume sold is so low that it really doesn't bother us.

Does Cryptoblox Technologies Boast High Insider Ownership?

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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Cryptoblox Technologies insiders own 17% of the company, worth about CA$3.2m. 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 Cryptoblox Technologies Tell Us?

We did not see any insider buying in the last three months, but we did see selling. But the sales were small, so we're not concerned. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Cryptoblox Technologies and we see no evidence to suggest they are worried about the 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. To that end, you should learn about the 6 warning signs we've spotted with Cryptoblox Technologies (including 5 which are potentially serious).

Of course Cryptoblox 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.