Insiders Re-Evaluate Their CA$1.21m Stock Purchase As Tribe Property Technologies Falls To CA$15m

The recent 14% drop in Tribe Property Technologies Inc.'s (CVE:TRBE) stock could come as a blow to insiders who purchased CA$1.21m worth of stock at an average buy price of CA$0.86 over the past 12 months. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only CA$566.4k.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Tribe Property Technologies

The Last 12 Months Of Insider Transactions At Tribe Property Technologies

Over the last year, we can see that the biggest insider purchase was by Executive Vice President Randall Ullrich for CA$1.0m worth of shares, at about CA$4.33 per share. That means that an insider was happy to buy shares at above the current price of CA$0.41. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Tribe Property Technologies insiders may have bought shares in the last year, but they didn't sell any. Their average price was about CA$0.86. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 35% of Tribe Property Technologies shares, worth about CA$5.1m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Tribe Property Technologies Tell Us?

It doesn't really mean much that no insider has traded Tribe Property Technologies shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Tribe Property Technologies and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tribe Property Technologies. To help with this, we've discovered 5 warning signs (2 are a bit concerning!) that you ought to be aware of before buying any shares in Tribe Property Technologies.

But note: Tribe Property 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.