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Quite a few insiders have dramatically grown their holdings in VerticalScope Holdings Inc. (TSE:FORA) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for VerticalScope Holdings
The Last 12 Months Of Insider Transactions At VerticalScope Holdings
In the last twelve months, the biggest single purchase by an insider was when Founder Robert Laidlaw bought CA$910k worth of shares at a price of CA$4.73 per share. We do like to see buying, but this purchase was made at well below the current price of CA$8.42. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 314.71k shares worth CA$1.3m. But insiders sold 71.67k shares worth CA$339k. Overall, VerticalScope Holdings insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Are VerticalScope Holdings Insiders Buying Or Selling?
We saw some VerticalScope Holdings insider buying shares in the last three months. President & COO Christopher Goodridge purchased CA$10k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. However, in this case the amount invested recently is quite small.
Insider Ownership Of VerticalScope Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Based on our data, VerticalScope Holdings insiders have about 2.2% of the stock, worth approximately CA$4.0m. We consider this fairly low insider ownership.
What Might The Insider Transactions At VerticalScope Holdings Tell Us?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. The transactions are fine but it'd be more encouraging if VerticalScope Holdings insiders bought more shares in the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.