Fura Gems Inc. (CVE:FURA) shareholders (or potential shareholders) will be happy to see that the President, Devidas Shetty, recently bought a whopping CA$2.3m worth of stock, at a price of CA$0.25. That purchase boosted their holding by 137%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
Fura Gems Insider Transactions Over The Last Year
Notably, that recent purchase by Devidas Shetty is the biggest insider purchase of Fura Gems shares that we've seen in the last year. That means that even when the share price was higher than CA$0.17 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Fura Gems insiders bought shares last year, they didn't sell. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Fura Gems Boast High 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. Based on our data, Fura Gems insiders have about 4.8% of the stock, worth approximately CA$2.0m. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Fura Gems Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Fura Gems stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Fura Gems.
Of course Fura Gems may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.