Bolt Projects Holdings Insiders Still US$97k Away From Original Investment Value

Insiders who purchased US$228.3k worth of Bolt Projects Holdings, Inc. (NASDAQ:BSLK) shares over the past year recouped some of their losses after price gained 11% last week. However, the purchase is proving to be a costly gamble, since losses made by insiders have totalled US$97k since the time of purchase.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Bolt Projects Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Interim Chief Financial Officer Randy Befumo bought US$67k worth of shares at a price of US$2.28 per share. So it's clear an insider wanted to buy, at around the current price, which is US$2.46. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Bolt Projects Holdings insiders decided to buy shares at close to current prices.

Over the last year, we can see that insiders have bought 53.34k shares worth US$228k. But they sold 4.73k shares for US$28k. In the last twelve months there was more buying than selling by Bolt Projects Holdings insiders. Their average price was about US$4.28. I'd consider this a positive as it suggests insiders see value at around the current price. 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!

Check out our latest analysis for Bolt Projects Holdings

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

Insiders At Bolt Projects Holdings Have Bought Stock Recently

We saw some Bolt Projects Holdings insider buying shares in the last three months. In total, insiders bought US$68k worth of shares in that time. But President Cintia Nardi sold US$28k worth. While it's good to see the insider buying, the net amount bought isn't enough for us to gain much confidence from it.

Insider Ownership Of Bolt Projects Holdings

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 7.0% of Bolt Projects Holdings shares, worth about US$325k, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Bolt Projects Holdings Insiders?

Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Bolt Projects Holdings insiders bought more shares in the company. 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. To help with this, we've discovered 5 warning signs (4 don't sit too well with us!) that you ought to be aware of before buying any shares in Bolt Projects Holdings.

Of course Bolt Projects Holdings 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.