Insider Spends CA$107k Buying More Shares In Computer Modelling Group

Even if it's not a huge purchase, we think it was good to see that Pramod Jain, the President of Computer Modelling Group Ltd. (TSE:CMG) recently shelled out CA$107k to buy stock, at CA$7.42 per share. That purchase might not be huge but it did increase their holding by 14%.

Computer Modelling Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Vice President of Science & Innovation and Chief Scientist, Long Nghiem, sold CA$3.1m worth of shares at a price of CA$11.35 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (CA$7.94). So it may not shed much light on insider confidence at current levels.

In the last twelve months insiders purchased 145.43k shares for CA$1.5m. But they sold 1.25m shares for CA$14m. Over the last year we saw more insider selling of Computer Modelling Group shares, than buying. The average sell price was around CA$11.52. It is certainly not great to see that insiders have sold shares in the company. But the selling was at much higher prices than the current share price (CA$7.94), so it probably doesn't tell us a lot about the value on offer today. 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!

View our latest analysis for Computer Modelling Group

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does Computer Modelling Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Computer Modelling Group insiders own 1.8% of the company, worth about CA$12m. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Computer Modelling Group Insiders?

Unfortunately, there has been more insider selling of Computer Modelling Group stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! 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. Every company has risks, and we've spotted 2 warning signs for Computer Modelling Group you should know about.

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.

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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.