Looking at Blaze Minerals Limited's (ASX:BLZ ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Blaze Minerals
Blaze Minerals Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Mathew Walker for AU$240k worth of shares, at about AU$0.04 per share. That means that an insider was happy to buy shares at above the current price of AU$0.011. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Mathew Walker was the only individual insider to buy during the last year.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Blaze Minerals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. Insiders own 37% of Blaze Minerals shares, worth about AU$1.5m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Blaze Minerals Tell Us?
It doesn't really mean much that no insider has traded Blaze Minerals shares in the last quarter. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Blaze Minerals insiders are doubting the company, and they do own shares. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 6 warning signs (4 can't be ignored!) that you ought to be aware of before buying any shares in Blaze Minerals.