Cybeats Technologies' Recent Gains Improve Losses On Insider Purchases Worth CA$720.5k

Some of the losses seen by insiders who purchased CA$720.5k worth of Cybeats Technologies Corp. (CSE:CYBT) shares over the past year were recovered after the stock increased by 13% over the past week. However, total losses seen by insiders are still CA$99k since the time of purchase.

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.

See our latest analysis for Cybeats Technologies

Cybeats Technologies Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Gregory Van Staveren bought CA$277k worth of shares at a price of CA$0.16 per share. That means that even when the share price was higher than CA$0.14 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Cybeats Technologies insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Cybeats 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 Cybeats Technologies Have Bought Stock Recently

Over the last quarter, Cybeats Technologies insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought CA$300k worth of shares. This is a positive in our book as it implies some confidence.

Insider Ownership Of Cybeats Technologies

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Cybeats Technologies insiders own 8.9% of the company, worth about CA$1.6m. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Cybeats Technologies Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Cybeats Technologies insiders are expecting a bright 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. At Simply Wall St, we've found that Cybeats Technologies has 5 warning signs (2 are potentially serious!) that deserve your attention before going any further with your analysis.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.