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 we'll take a look at whether insiders have been buying or selling shares in Mobi724 Global Solutions Inc. (CVE:MOS).
What Is Insider Selling?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
Mobi724 Global Solutions Insider Transactions Over The Last Year
There wasn't any very large single transaction over the last year, but we can still observe some trading.
Mobi724 Global Solutions insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around CA$0.058. This is nice to see since it implies that insiders might see value around current prices (around CA$0.035). You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Mobi724 Global Solutions 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 Mobi724 Global Solutions
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. Mobi724 Global Solutions insiders own about CA$1.4m worth of shares. That equates to 18% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Mobi724 Global Solutions Insiders?
It doesn't really mean much that no insider has traded Mobi724 Global Solutions shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Mobi724 Global Solutions and we see no evidence to suggest they are worried about the future. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
But note: Mobi724 Global Solutions 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.
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