Insiders who bought The Glimpse Group, Inc. (NASDAQ:VRAR) stock in the last 12 months recover some losses, but still down US$104k
Some of the losses seen by insiders who purchased US$274k worth of The Glimpse Group, Inc. (NASDAQ:VRAR) shares over the past year were recovered after the stock increased by 23% over the past week. The purchase, however, has proven to be a pricey bet, with losses currently totalling US$104k.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Glimpse Group
The Last 12 Months Of Insider Transactions At Glimpse Group
In the last twelve months, the biggest single purchase by an insider was when Independent Director Lemuel Amen bought US$72k worth of shares at a price of US$7.50 per share. That means that an insider was happy to buy shares at above the current price of US$4.03. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays 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 Glimpse Group insiders bought shares during the last year, they didn't sell. They paid about US$6.47 on average. This is nice to see since it implies that insiders might see value around current prices. 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!
Glimpse Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders at Glimpse Group Have Bought Stock Recently
Over the last three months, we've seen significant insider buying at Glimpse Group. In total, insiders bought US$162k worth of shares in that time, and we didn't record any sales whatsoever. This is a positive in our book as it implies some confidence.
Does Glimpse Group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Glimpse Group insiders own 34% of the company, worth about US$18m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Glimpse Group Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Glimpse Group insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for Glimpse Group you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
