Nuvve Holding Reaches US$9.7m Market Cap Benefiting Insider Stock Buying

Last week, Nuvve Holding Corp. (NASDAQ:NVVE) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 44% last week, resulting in a US$3.6m increase in the company's market worth, implying a 54% gain on their initial purchase. As a result, the stock they originally bought for US$149.9k is now worth US$230.3k.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Nuvve Holding

The Last 12 Months Of Insider Transactions At Nuvve Holding

In fact, the recent purchase by Gregory Poilasne was the biggest purchase of Nuvve Holding shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of US$0.21. 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 1.07m shares for US$150k. On the other hand they divested 26.90k shares, for US$13k. Overall, Nuvve Holding insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insiders At Nuvve Holding Have Bought Stock Recently

It's good to see that Nuvve Holding insiders have made notable investments in the company's shares. Overall, two insiders shelled out US$150k for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.

Does Nuvve Holding 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Nuvve Holding insiders own about US$1.6m worth of shares. That equates to 16% of the company. 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 Nuvve Holding Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Nuvve Holding shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 5 warning signs for Nuvve Holding (of which 4 are a bit concerning!) you should know about.

Of course Nuvve Holding 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.