Have ProntoForms Corporation (CVE:PFM) Insiders Been Selling Their Stock?

We'd be surprised if ProntoForms Corporation (CVE:PFM) shareholders haven't noticed that the Founder, Alvaro Pombo, recently sold CA$182k worth of stock at CA$0.91 per share. On the bright side, that sale was only 4.3% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for ProntoForms

ProntoForms Insider Transactions Over The Last Year

Notably, that recent sale by Alvaro Pombo is the biggest insider sale of ProntoForms shares that we've seen in the last year. That means that an insider was selling shares at around the current price of CA$0.89. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Insiders in ProntoForms didn't buy any shares in the last year. 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

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. Our data indicates that ProntoForms insiders own about CA$7.1m worth of shares (which is 6.3% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At ProntoForms Tell Us?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. When you consider that most companies have higher levels of insider ownership, we're a little wary. We'd certainly practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 3 warning signs for ProntoForms and we suggest you have a look.

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, but not derivative transactions.

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