Insiders Rewarded With CA$1.6m Addition To Investment As Cryptoblox Technologies Stock Hits CA$15m

Cryptoblox Technologies Inc. (CSE:BLOX) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 12%, resulting in a CA$1.6m rise in the company's market capitalisation, translating to a gain of 180% on their initial investment. As a result, the stock they originally bought for CA$900.0k is now worth CA$2.52m.

Although we don't think shareholders should simply follow insider transactions, 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

Over the last year, we can see that the biggest insider purchase was by insider Michael Chow for CA$900k worth of shares, at about CA$0.05 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.14. 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 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!

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.

Does Cryptoblox Technologies Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Cryptoblox Technologies insiders own 18% of the company, worth about CA$2.7m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Cryptoblox Technologies Insider Transactions Indicate?

There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Cryptoblox Technologies and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cryptoblox Technologies. To that end, you should learn about the 5 warning signs we've spotted with Cryptoblox Technologies (including 4 which don't sit too well with us).

But note: Cryptoblox Technologies 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.