Have Firan Technology Group Insiders Been Selling Stock?

We note that the Firan Technology Group Corporation (TSE:FTG) CFO, VP & Corporate Secretary, James Crichton, recently sold CA$84k worth of stock for CA$8.08 per share. It might not be a huge sale, but it did reduce their holding size 14%, hardly encouraging.

See our latest analysis for Firan Technology Group

Firan Technology Group Insider Transactions Over The Last Year

Notably, that recent sale by James Crichton is the biggest insider sale of Firan Technology Group shares that we've seen in the last year. That means that an insider was selling shares at around the current price of CA$7.67. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Happily, we note that in the last year insiders paid CA$177k for 32.50k shares. On the other hand they divested 10.40k shares, for CA$84k. In total, Firan Technology Group insiders bought more than they sold over 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!

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

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 13% of Firan Technology Group shares, worth about CA$24m. 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 Firan Technology Group Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at Firan Technology Group, in the last three months. But we take heart from prior transactions. And insiders do own shares. So we're happy enough to look past some selling. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Firan Technology Group has 1 warning sign and it would be unwise to ignore it.

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 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.