Insiders Of Cybeats Technologies Are Up 11% On Their CA$918.3k Purchase

Cybeats Technologies Corp. (CSE:CYBT) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 19%, resulting in a CA$4.8m rise in the company's market capitalisation, translating to a gain of 11% on their initial investment. In other words, the original CA$918.3k purchase is now worth CA$1.02m.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

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Cybeats Technologies Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Gregory Van Staveren for CA$277k worth of shares, at about CA$0.16 per share. That means that an insider was happy to buy shares at around the current price of CA$0.16. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Cybeats Technologies insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Cybeats Technologies

Cybeats Technologies is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Cybeats Technologies Insiders Bought Stock Recently

Over the last three months, we've seen a bit of insider buying at Cybeats Technologies. Insiders purchased CA$21k worth of shares in that period. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.

Insider Ownership

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. Our data indicates that Cybeats Technologies insiders own about CA$3.0m worth of shares (which is 10% of the company). We do generally prefer see higher levels of insider ownership.

So What Do The Cybeats Technologies Insider Transactions Indicate?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Cybeats Technologies stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Cybeats Technologies has 5 warning signs (and 3 which are a bit unpleasant) we think you should know about.

But note: Cybeats 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.