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Potential TELUS International (Cda) Inc. (NYSE:TIXT) shareholders may wish to note that the President of TELUS Digital Solutions & Willow Tree, Tobias Dengel, recently bought US$253k worth of stock, paying US$2.53 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.7%.
See our latest analysis for TELUS International (Cda)
The Last 12 Months Of Insider Transactions At TELUS International (Cda)
The Independent Lead Director Josh Blair made the biggest insider purchase in the last 12 months. That single transaction was for US$282k worth of shares at a price of US$2.82 each. Even though the purchase was made at a significantly lower price than the recent price (US$3.49), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months insiders purchased 301.00k shares for US$786k. On the other hand they divested 5.60k shares, for US$22k. In total, TELUS International (Cda) insiders bought more than they sold over 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.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. TELUS International (Cda) insiders own about US$13m worth of shares. That equates to 1.4% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The TELUS International (Cda) Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest TELUS International (Cda) insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TELUS International (Cda). Be aware that TELUS International (Cda) is showing 4 warning signs in our investment analysis, and 2 of those are significant...