Trade Alert: The President Of NamSys Inc. (CVE:CTZ), Jason Siemens, Has Just Spent CA$395k Buying 207% More Shares

Investors who take an interest in NamSys Inc. (CVE:CTZ) should definitely note that the President, Jason Siemens, recently paid CA$0.85 per share to buy CA$395k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 207%, potentially signalling some real optimism.

Check out our latest analysis for NamSys

The Last 12 Months Of Insider Transactions At NamSys

The insider, John Siemens, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.2m worth of shares at a price of CA$0.95 each. So it's clear an insider wanted to take some cash off the table, even below the current price of CA$1.01. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was 100% of John Siemens's holding. John Siemens was the only individual insider to sell over the last year.

John Siemens divested 1.63m shares over the last 12 months at an average price of CA$0.96. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does NamSys 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 39% of NamSys shares, worth about CA$11m. 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 Does This Data Suggest About NamSys Insiders?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. We don't take much heart from transactions by NamSys insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing NamSys. Be aware that NamSys is showing 3 warning signs in our investment analysis, and 1 of those can't be ignored...

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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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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