How Much Are Beleave Inc. (CNSX:BE) Insiders Taking Off The Table?
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Beleave Inc. (CNSX:BE), you may well want to know whether insiders have been buying or selling.
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, rules govern insider transactions, and certain disclosures are required.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Colombia University study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.
Check out our latest analysis for Beleave
Beleave Insider Transactions Over The Last Year
Nedeljko Mikasinovic made the biggest insider sale in the last 12 months. That single transaction was for CA$227k worth of shares at a price of CA$0.25 each. That is hardly a positive sign, even though it took place above the latest price (CA$0.10). So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid CA$172k for 927.43k shares. But they sold 4.51m for CA$1.2m. All up, insiders sold more shares in Beleave than they bought, over the last year. They sold for an average price of about CA$0.26. It is certainly not great to see that insiders have sold shares in the company. However, we do note that the average sale price was significantly higher than the current share price (which is CA$0.10). You can see the insider transactions over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Beleave Insiders Are Selling The Stock
We have seen a bit of insider selling at Beleave, over the last three months. Co-Founder Roger Ferreira sold CA$64k worth of shares in that time. But the good news is that there was purchasing too , worth CA$8.7k. While it’s not great to see insider selling, the net amount sold isn’t enough for us to want to read anything into it.
Insider Ownership
Many investors like to check how much of a company is owned by 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. Beleave insiders own 10% of the company, currently worth about CA$5.5m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Beleave Insiders?
The insider sales have outweighed the insider buying, at Beleave, in the last three months. Zooming out, the longer term picture doesn’t give us much comfort. Insiders own relatively few shares in the company, and when you consider the sales, we’re not particularly excited about the stock. So we’re not rushing to buy, to say the least. Of course, the future is what matters most. So if you are interested in Beleave, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
