Blackline Safety Insiders Placed Bullish Bets Worth CA$1.2m
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Blackline Safety Corp. (TSE:BLN), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Blackline Safety
Blackline Safety Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Chairman of the Board & CEO Cody Slater for CA$500k worth of shares, at about CA$2.20 per share. We do like to see buying, but this purchase was made at well below the current price of CA$3.82. 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.
Happily, we note that in the last year insiders paid CA$1.2m for 543.55k shares. But insiders sold 39.00k shares worth CA$102k. Overall, Blackline Safety insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Blackline Safety is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Blackline Safety
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Blackline Safety insiders own about CA$13m worth of shares (which is 4.5% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Blackline Safety Insider Transactions Indicate?
The fact that there have been no Blackline Safety insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Blackline Safety and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Blackline Safety. For instance, we've identified 3 warning signs for Blackline Safety (1 is significant) you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
