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From what we can see, insiders were net buyers in Coveo Solutions Inc.'s (TSE:CVO ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
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.
See our latest analysis for Coveo Solutions
The Last 12 Months Of Insider Transactions At Coveo Solutions
The Chairman & CEO Louis Tetu made the biggest insider purchase in the last 12 months. That single transaction was for CA$102k worth of shares at a price of CA$5.76 each. That means that an insider was happy to buy shares at around the current price of CA$6.15. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Coveo Solutions share holders is that an insider was buying at near the current price. Louis Tetu was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Coveo Solutions is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Coveo Solutions Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Coveo Solutions insiders own 4.4% of the company, worth about CA$26m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Coveo Solutions Insider Transactions Indicate?
The fact that there have been no Coveo Solutions insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Coveo Solutions and their transactions don't cause us concern. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Coveo Solutions.