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Potential BriaCell Therapeutics Corp. (CVE:BCT) shareholders may wish to note that the CEO, President & Director, William Williams, recently bought CA$325k worth of stock, paying CA$3.92 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 124%, potentially signalling some real optimism.
BriaCell Therapeutics Insider Transactions Over The Last Year
Notably, that recent purchase by William Williams is the biggest insider purchase of BriaCell Therapeutics shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$4.11. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the BriaCell Therapeutics insiders decided to buy shares at close to current prices.
While BriaCell Therapeutics 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. By clicking on the graph below, you can see the precise details of each insider transaction!
BriaCell Therapeutics is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of BriaCell Therapeutics
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, BriaCell Therapeutics insiders have about 3.1% of the stock, worth approximately CA$974k. We consider this fairly low insider ownership.
So What Do The BriaCell Therapeutics Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that BriaCell Therapeutics insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that BriaCell Therapeutics has 6 warning signs (4 are potentially serious!) that deserve your attention before going any further with your analysis.
But note: BriaCell Therapeutics 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.
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. 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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