Anoosh Manzoori Bought 13% More Shares In Sparc Al

Whilst it may not be a huge deal, we thought it was good to see that the Sparc Al Inc (CSE:SPAI) CEO & Non-Executive Chairman, Anoosh Manzoori, recently bought CA$100k worth of stock, for CA$0.15 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 13%.

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The Last 12 Months Of Insider Transactions At Sparc Al

Notably, that recent purchase by CEO & Non-Executive Chairman Anoosh Manzoori was not the only time they bought Sparc Al shares this year. Earlier in the year, they paid CA$0.20 per share in a CA$170k purchase. Even though the purchase was made at a significantly lower price than the recent price (CA$0.27), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months insiders purchased 3.06m shares for CA$596k. But they sold 735.45k shares for CA$147k. In total, Sparc Al insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Sparc Al

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Does Sparc Al 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. Sparc Al insiders own about CA$1.7m worth of shares. That equates to 39% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Sparc Al Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Sparc Al we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Sparc Al. Our analysis shows 4 warning signs for Sparc Al (2 are a bit unpleasant!) and we strongly recommend you look at them before investing.

Of course Sparc Al 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.

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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.