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LQWD Technologies Corp. (CVE:LQWD) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 13%, resulting in a CA$4.8m rise in the company's market capitalisation, translating to a gain of 134% on their initial investment. In other words, the original CA$705.4k purchase is now worth CA$1.65m.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for LQWD Technologies
LQWD Technologies Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Alex Guidi bought CA$371k worth of shares at a price of CA$1.50 per share. We do like to see buying, but this purchase was made at well below the current price of CA$1.86. 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.
In the last twelve months insiders purchased 886.00k shares for CA$705k. On the other hand they divested 67.10k shares, for CA$157k. In the last twelve months there was more buying than selling by LQWD Technologies insiders. They paid about CA$0.80 on average. We don't deny that it is nice to see insiders buying stock in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. 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.
LQWD Technologies Insiders Bought Stock Recently
There has been significantly more insider buying, than selling, at LQWD Technologies, over the last three months. Insiders spent CA$489k on shares. On the other hand, Independent Director Alex Guidi netted CA$147k by selling. Insiders have spent more buying shares than they have selling, so on balance we think they are are probably optimistic.
Insider Ownership Of LQWD Technologies
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that LQWD Technologies insiders own 13% of the company, worth about CA$5.2m. Whilst better than nothing, we're not overly impressed by these holdings.