A AKITA Drilling Ltd. (TSE:AKT.A) insider increased their holdings by 4,935% last year
Looking at AKITA Drilling Ltd.'s (TSE:AKT.A ) 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 we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for AKITA Drilling
The Last 12 Months Of Insider Transactions At AKITA Drilling
Over the last year, we can see that the biggest insider purchase was by Executive Chair & CEO Linda Southern-Heathcott for CA$2.4m worth of shares, at about CA$1.50 per share. That means that even when the share price was higher than CA$1.40 (the recent price), an insider wanted to purchase shares. 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. Linda Southern-Heathcott was the only individual insider to buy shares in the last twelve months.
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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of AKITA Drilling
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. Insiders own 5.2% of AKITA Drilling shares, worth about CA$3.0m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At AKITA Drilling Tell Us?
The fact that there have been no AKITA Drilling insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if AKITA Drilling insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AKITA Drilling. You'd be interested to know, that we found 2 warning signs for AKITA Drilling and we suggest you have a look.
But note: AKITA Drilling may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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