InsuraGuest Technologies Insiders May Regret Not Buying More, Market Cap Hits CA$4.3m

InsuraGuest Technologies Inc. (CVE:ISGI) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 25% resulting in a CA$853k addition to the company’s market value. Put another way, the original US$71.6k acquisition is now worth US$179.1k.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

We've discovered 4 warning signs about InsuraGuest Technologies. View them for free.

The Last 12 Months Of Insider Transactions At InsuraGuest Technologies

Over the last year, we can see that the biggest insider purchase was by CEO & Chairman Douglas Anderson for CA$72k worth of shares, at about CA$0.01 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.025. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for InsuraGuest Technologies

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.

Insider Ownership Of InsuraGuest Technologies

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. InsuraGuest Technologies insiders own about CA$1.8m worth of shares (which is 43% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At InsuraGuest Technologies Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. It would be great to see more insider buying, but overall it seems like InsuraGuest Technologies insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing InsuraGuest Technologies. Our analysis shows 4 warning signs for InsuraGuest Technologies (3 make us uncomfortable!) and we strongly recommend you look at these before investing.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.