Insiders Who Purchased CA$1.23m Of Tribe Property Technologies Stock May Not Have Expected 13% Tumble
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Insiders who bought CA$1.23m worth of Tribe Property Technologies Inc.'s (CVE:TRBE) stock at an average buy price of CA$0.87 over the last year may be disappointed by the recent 13% decrease in the stock. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only CA$550.2k.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Tribe Property Technologies
Tribe Property Technologies Insider Transactions Over The Last Year
The Executive Vice President Randall Ullrich made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.0m worth of shares at a price of CA$4.33 each. That means that an insider was happy to buy shares at above the current price of CA$0.39. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months Tribe Property Technologies insiders were buying shares, but not selling. They paid about CA$0.87 on average. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Tribe Property Technologies is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Tribe Property Technologies Insiders Bought Stock Recently
It's good to see that Tribe Property Technologies insiders have made notable investments in the company's shares. Overall, two insiders shelled out CA$1.1m for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.
Does Tribe Property Technologies Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 35% of Tribe Property Technologies shares, worth about CA$4.5m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.