Vice President of Commercial & Sales Jennifer Hood Sold A Bunch Of Shares In Titan Mining
We note that the Titan Mining Corporation (TSE:TI) Vice President of Commercial & Sales, Jennifer Hood, recently sold CA$99k worth of stock for CA$4.28 per share. That might not be a huge sum but it was 65% of their personal holding, so we find it a little discouraging.
The Last 12 Months Of Insider Transactions At Titan Mining
Over the last year, we can see that the biggest insider purchase was by Executive Chairman Richard Warke for CA$115k worth of shares, at about CA$4.70 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$3.43). Their view may have changed since then, but at least it shows they felt optimistic at the time. 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.
In the last twelve months insiders purchased 57.39k shares for CA$231k. But they sold 35.00k shares for CA$150k. In total, Titan Mining insiders bought more than they sold over the last year. Their average price was about CA$4.03. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Titan Mining
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.
Insider Ownership Of Titan Mining
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. Titan Mining insiders own 56% of the company, currently worth about CA$190m 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.
What Might The Insider Transactions At Titan Mining Tell Us?
An insider sold stock recently, but they haven't been buying. But we take heart from prior transactions. We are also comforted by the high levels of insider ownership. So we're not too bothered by recent selling. While it's good to be aware of 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. When we did our research, we found 2 warning signs for Titan Mining (1 makes us a bit uncomfortable!) that we believe deserve your full attention.
But note: Titan Mining 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.