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From what we can see, insiders were net buyers in GURU Organic Energy Corp.'s (TSE:GURU ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for GURU Organic Energy
The Last 12 Months Of Insider Transactions At GURU Organic Energy
Over the last year, we can see that the biggest insider purchase was by Independent Chair of the Board Eric Graveline for CA$97k worth of shares, at about CA$2.48 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$1.87). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing 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. Eric Graveline was the only individual insider to buy during the last year.
Eric Graveline bought a total of 130.00k shares over the year at an average price of CA$2.00. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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).
Insider Ownership Of GURU Organic Energy
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. It's great to see that GURU Organic Energy insiders own 53% of the company, worth about CA$32m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At GURU Organic Energy Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, GURU Organic Energy insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing GURU Organic Energy. Every company has risks, and we've spotted 2 warning signs for GURU Organic Energy you should know about.