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Investors who take an interest in Tribe Property Technologies Inc. (CVE:TRBE) should definitely note that the Executive Vice President, Randall Ullrich, recently paid CA$0.52 per share to buy CA$500k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 72%, potentially signalling some real optimism.
The Last 12 Months Of Insider Transactions At Tribe Property Technologies
The insider, Paolo Aquilini, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.8m worth of shares at a price of CA$0.40 each. That means that even when the share price was below the current price of CA$0.49, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 98% of Paolo Aquilini's stake. Paolo Aquilini was the only individual insider to sell shares in the last twelve months.
In the last twelve months insiders purchased 2.49m shares for CA$1.8m. But they sold 4.40m shares for CA$1.8m. In the last twelve months there was more buying than selling by Tribe Property Technologies insiders. Their average price was about CA$0.71. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Tribe Property Technologies
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Tribe Property Technologies Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Tribe Property Technologies insiders own about CA$3.6m worth of shares. That equates to 20% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.