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Insiders who bought CardioComm Solutions, Inc. (CVE:EKG) stock in the last 12 months were richly rewarded last week. The company's market value increased by CA$965k as a result of the stock's 50% gain over the same period. In other words, the original CA$318.8k purchase is now worth CA$478.2k.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for CardioComm Solutions
The Last 12 Months Of Insider Transactions At CardioComm Solutions
In the last twelve months, the biggest single purchase by an insider was when Independent Director Daniel Grima bought CA$295k worth of shares at a price of CA$0.01 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.015. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
CardioComm Solutions insiders may have bought shares in the last year, but they didn't sell any. 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!
CardioComm Solutions 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 CardioComm Solutions
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that CardioComm Solutions insiders own 30% of the company, worth about CA$865k. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About CardioComm Solutions Insiders?
The fact that there have been no CardioComm Solutions insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think CardioComm Solutions insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CardioComm Solutions. Be aware that CardioComm Solutions is showing 5 warning signs in our investment analysis, and 4 of those are concerning...