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Over the last year, a good number of insiders have significantly increased their holdings in Tribe Property Technologies Inc. (CVE:TRBE). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Tribe Property Technologies
The Last 12 Months Of Insider Transactions At Tribe Property Technologies
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 even when the share price was higher than CA$0.44 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, 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. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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.
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. We usually like to see fairly high levels of insider ownership. Tribe Property Technologies insiders own about CA$5.0m worth of shares. That equates to 35% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Tribe Property Technologies Insiders?
The fact that there have been no Tribe Property Technologies insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Tribe Property Technologies and we see no evidence to suggest they are worried about the future. 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. For instance, we've identified 4 warning signs for Tribe Property Technologies (3 don't sit too well with us) you should be aware of.