Have Insiders Sold Firan Technology Group Shares Recently?
We'd be surprised if Firan Technology Group Corporation (TSE:FTG) shareholders haven't noticed that the Independent Director, Michael Andrade, recently sold CA$170k worth of stock at CA$34.00 per share. On the bright side, that sale was only 3.8% of their holding, so we doubt it's very meaningful, on its own.
The Last 12 Months Of Insider Transactions At Firan Technology Group
Notably, that recent sale by Michael Andrade is the biggest insider sale of Firan Technology Group shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of CA$34.95. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 3.8% of Michael Andrade's holding.
Happily, we note that in the last year insiders paid CA$313k for 22.37k shares. But insiders sold 10.00k shares worth CA$272k. In the last twelve months there was more buying than selling by Firan Technology Group insiders. They paid about CA$13.99 on average. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Firan Technology Group
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Firan Technology Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 13% of Firan Technology Group shares, worth about CA$111m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Firan Technology Group Tell Us?
The stark truth for Firan Technology Group is that there has been more insider selling than insider buying in the last three months. But we take heart from prior transactions. And insider ownership remains quite considerable. So we're happy to look past recent trading. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Firan Technology Group. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Firan Technology Group.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.