Douglas Anderson Bought 124% More Shares In InsuraGuest Technologies

Even if it's not a huge purchase, we think it was good to see that Douglas Anderson, the CEO & Chairman of InsuraGuest Technologies Inc. (CVE:ISGI) recently shelled out CA$136k to buy stock, at CA$0.015 per share. Even though that isn't a massive buy, it did increase their holding by 124%, which is arguably a good sign.

Check out our latest analysis for InsuraGuest Technologies

InsuraGuest Technologies Insider Transactions Over The Last Year

Notably, that recent purchase by Douglas Anderson is the biggest insider purchase of InsuraGuest Technologies shares that we've seen in the last year. That implies that an insider found the current price of CA$0.015 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for InsuraGuest Technologies share holders is that insiders were buying at near the current price.

Over the last year, we can see that insiders have bought 27.86m shares worth CA$410k. On the other hand they divested 4.08m shares, for CA$53k. In total, InsuraGuest Technologies insiders bought more than they sold over the last year. 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!

InsuraGuest Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does InsuraGuest Technologies 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. InsuraGuest Technologies insiders own about CA$519k worth of shares. That equates to 33% 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 InsuraGuest Technologies Insider Transactions Indicate?

It is good to see recent purchasing. 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 InsuraGuest Technologies we think they are probably pretty confident of a bright future. While we like knowing 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. In terms of investment risks, we've identified 4 warning signs with InsuraGuest Technologies and understanding these should be part of your investment process.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.