Randall Ullrich Bought 72% More Shares In Tribe Property Technologies

Investors who take an interest in Tribe Property Technologies Inc. (CVE:TRBE) should definitely note that the Executive Vice President, Randall Ullrich, recently paid CA$0.52 per share to buy CA$500k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 72%, potentially signalling some real optimism.

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The Last 12 Months Of Insider Transactions At Tribe Property Technologies

The insider, Paolo Aquilini, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.8m worth of shares at a price of CA$0.40 each. That means that even when the share price was below the current price of CA$0.49, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 98% of Paolo Aquilini's stake. Paolo Aquilini was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 2.49m shares worth CA$1.8m. On the other hand they divested 4.40m shares, for CA$1.8m. In the last twelve months there was more buying than selling by Tribe Property Technologies insiders. Their average price was about CA$0.71. I'd consider this a positive as it suggests insiders see value at around the current price. 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!

Check out our latest analysis for Tribe Property Technologies

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Does Tribe Property Technologies Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Tribe Property Technologies insiders own 20% of the company, worth about CA$3.6m. 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 Tribe Property Technologies Insiders?

Unfortunately, there has been more insider selling of Tribe Property Technologies stock, than buying, in the last three months. But we take heart from prior transactions. It's good to see insiders are shareholders. So we're not overly bothered by recent selling. 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. Our analysis shows 4 warning signs for Tribe Property Technologies (2 make us uncomfortable!) and we strongly recommend you look at these before investing.

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.