Don't Ignore The Fact That This Insider Just Sold Some Shares In Voxtur Analytics Corp. (CVE:VXTR)

By
Simply Wall St
Published
March 02, 2021
TSXV:VXTR
Source: Shutterstock

Anyone interested in Voxtur Analytics Corp. (CVE:VXTR) should probably be aware that a company insider, Jeff Young, recently divested CA$270k worth of shares in the company, at an average price of CA$1.35 each. However, the silver lining is that the sale only reduced their total holding by 3.8%, so we're hesitant to read anything much into it, on its own.

See our latest analysis for Voxtur Analytics

The Last 12 Months Of Insider Transactions At Voxtur Analytics

Over the last year, we can see that the biggest insider purchase was by Independent Director Peter Hyde for CA$435k worth of shares, at about CA$0.15 per share. We do like to see buying, but this purchase was made at well below the current price of CA$1.27. 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.

In the last twelve months insiders purchased 3.40m shares for CA$643k. But insiders sold 355.50k shares worth CA$352k. Overall, Voxtur Analytics insiders were net buyers during the last year. They paid about CA$0.19 on average. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
TSXV:VXTR Insider Trading Volume March 3rd 2021

Voxtur Analytics is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Voxtur Analytics Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Voxtur Analytics insiders own 33% of the company, worth about CA$124m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Voxtur Analytics Insiders?

Unfortunately, there has been more insider selling of Voxtur Analytics stock, than buying, in the last three months. In contrast, they appear keener if you look at the last twelve months. We are also comforted by the high levels of insider ownership. So we're happy to look past recent trading. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 3 warning signs for Voxtur Analytics and we suggest you have a look.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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