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Multiple insiders secured a larger position in Perimeter Medical Imaging AI, Inc. (CVE:PINK) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
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.
See our latest analysis for Perimeter Medical Imaging AI
Perimeter Medical Imaging AI Insider Transactions Over The Last Year
The insider Rocco Schiralli made the biggest insider purchase in the last 12 months. That single transaction was for CA$3.4m worth of shares at a price of CA$0.42 each. So it's clear an insider wanted to buy, at around the current price, which is CA$0.46. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Perimeter Medical Imaging AI share holders is that insiders were buying at near the current price.
While Perimeter Medical Imaging AI insiders bought shares during the last year, they didn't sell. 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!
Perimeter Medical Imaging AI 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.
Insider Ownership Of Perimeter Medical Imaging AI
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Perimeter Medical Imaging AI insiders own about CA$5.9m worth of shares (which is 14% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Perimeter Medical Imaging AI Tell Us?
It doesn't really mean much that no insider has traded Perimeter Medical Imaging AI shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Perimeter Medical Imaging AI insiders are doubting the company. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 5 warning signs for Perimeter Medical Imaging AI (1 is a bit concerning!) and we strongly recommend you look at these before investing.