One Westbridge Renewable Energy Insider Raised Their Stake In The Previous Year

Insiders were net buyers of Westbridge Renewable Energy Corp.'s (CVE:WEB ) stock during the past year. That is, insiders bought more stock than they sold.

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.

See our latest analysis for Westbridge Renewable Energy

The Last 12 Months Of Insider Transactions At Westbridge Renewable Energy

Over the last year, we can see that the biggest insider purchase was by Executive Chairman Scott Kelly for CA$210k worth of shares, at about CA$1.05 per share. That means that even when the share price was higher than CA$1.03 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Scott Kelly was the only individual insider to buy shares in the last twelve months. We note that Scott Kelly was both the biggest buyer and the biggest seller.

Scott Kelly purchased 450.00k shares over the year. The average price per share was CA$1.03. 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!

Westbridge Renewable Energy 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.

Insiders At Westbridge Renewable Energy Have Bought Stock Recently

At Westbridge Renewable Energy,over the last quarter, we have observed quite a lot more insider buying than insider selling. We can see that Executive Chairman Scott Kelly paid CA$315k for shares in the company. But insiders only sold shares worth CA$232k. Insiders have spent more buying shares than they have selling, so on balance we think they are are probably optimistic.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Westbridge Renewable Energy insiders own 43% of the company, currently worth about CA$43m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Westbridge Renewable Energy Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Westbridge Renewable Energy insiders are well aligned, and quite possibly think the share price is too low. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Westbridge Renewable Energy has 3 warning signs (and 1 which is significant) we think you should know about.

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.