Have Wishpond Technologies Insiders Been Selling Stock?

Anyone interested in Wishpond Technologies Ltd. (CVE:WISH) should probably be aware that the General Manager of PersistIQ, Nicholas Steeves, recently divested CA$200k worth of shares in the company, at an average price of CA$0.40 each. The eyebrow raising move amounted to a reduction of 25% in their holding.

Check out our latest analysis for Wishpond Technologies

The Last 12 Months Of Insider Transactions At Wishpond Technologies

Notably, that recent sale by Nicholas Steeves is the biggest insider sale of Wishpond Technologies shares that we've seen in the last year. That means that an insider was selling shares at around the current price of CA$0.39. 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.

Over the last year, we can see that insiders have bought 73.00k shares worth CA$33k. On the other hand they divested 500.00k shares, for CA$200k. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Wishpond Technologies better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Wishpond Technologies

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. Insiders own 39% of Wishpond Technologies shares, worth about CA$8.2m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Wishpond Technologies Insider Transactions Indicate?

An insider sold Wishpond Technologies shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Wishpond Technologies.

Of course Wishpond Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.