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Insiders who bought CA$1.28m worth of Visionstate Corp. (CVE:VIS) stock in the last year recovered part of their losses as the stock rose by 67% last week. However, the purchase is proving to be a costly gamble, since losses made by insiders have totalled CA$137k since the time of purchase.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Visionstate Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Charles Goble bought CA$280k worth of shares at a price of CA$0.02 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.025. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months Visionstate insiders were buying shares, but not selling. They paid about CA$0.028 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Visionstate
Visionstate is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders At Visionstate Have Bought Stock Recently
It's good to see that Visionstate insiders have made notable investments in the company's shares. In total, insiders bought CA$184k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.
Insider Ownership Of Visionstate
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Visionstate insiders own 40% of the company, currently worth about CA$2.4m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.