With InsuraGuest Technologies Up 167%, Insider Buyers Count Their Returns

Last week, InsuraGuest Technologies Inc. (CVE:ISGI) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 167% last week, resulting in a CA$4.3m increase in the company's market worth, implying a 185% gain on their initial purchase. Put another way, the original US$627.7k acquisition is now worth US$1.79m.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for InsuraGuest Technologies

InsuraGuest Technologies Insider Transactions Over The Last Year

The CEO & Chairman Douglas Anderson made the biggest insider purchase in the last 12 months. That single transaction was for CA$136k worth of shares at a price of CA$0.015 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.04. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

While InsuraGuest Technologies insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

InsuraGuest Technologies is not the only stock insiders are buying. So take a peek at this free list of under-the-radar 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. We usually like to see fairly high levels of insider ownership. It appears that InsuraGuest Technologies insiders own 37% of the company, worth about CA$1.3m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About InsuraGuest Technologies Insiders?

The fact that there have been no InsuraGuest Technologies insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in InsuraGuest Technologies and we see no evidence to suggest they are worried about the future. While it's good to be aware of 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 5 warning signs with InsuraGuest Technologies and understanding these should be part of your investment process.

But note: InsuraGuest Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.