Real Matters CEO & Director Acquires 78% More Stock
Whilst it may not be a huge deal, we thought it was good to see that the Real Matters Inc. (TSE:REAL) CEO & Director, Brian Lang, recently bought CA$135k worth of stock, for CA$3.38 per share. While that isn't the hugest buy, it actually boosted their shareholding by 78%, which is good to see.
Real Matters Insider Transactions Over The Last Year
In fact, the recent purchase by CEO & Director Brian Lang was not their only acquisition of Real Matters shares this year. They previously made an even bigger purchase of CA$146k worth of shares at a price of CA$5.84 per share. That means that even when the share price was higher than CA$3.46 (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. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Brian Lang was the only individual insider to buy during the last year.
Brian Lang bought 65.00k shares over the last 12 months at an average price of CA$4.32. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for Real Matters
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Does Real Matters Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Real Matters insiders own 5.2% of the company, worth about CA$13m. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Real Matters Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Real Matters insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in Real Matters, you should check out this free report on analyst forecasts for the company.
But note: Real Matters 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 of direct interests only, but not derivative transactions or indirect interests.
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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.