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Potential NowVertical Group Inc. (CVE:NOW) shareholders may wish to note that the CEO & Director, Sandeep Mendiratta, recently bought CA$586k worth of stock, paying CA$0.33 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 19%.
See our latest analysis for NowVertical Group
NowVertical Group Insider Transactions Over The Last Year
In fact, the recent purchase by Sandeep Mendiratta was the biggest purchase of NowVertical Group shares made by an insider individual in the last twelve months, according to our records. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.38. 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.
While NowVertical Group insiders bought shares during the last year, they didn't sell. 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!
NowVertical Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of NowVertical Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. NowVertical Group insiders own about CA$13m worth of shares (which is 41% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The NowVertical Group Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about NowVertical Group. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing NowVertical Group. For example - NowVertical Group has 1 warning sign we think you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.