View insider transactions for Quipt Home Medical Corp. (TSE:QIPT) Last year, insiders were net buyers. This means that insiders bought a larger number of shares relative to the shares sold.
While we don’t believe shareholders should simply follow insider transactions, logic dictates that you should pay attention to whether insiders are buying or selling shares.
Check out our latest analysis for Quipt Home Medical
The last 12 months of insider transactions at Quipt Home Medical
In fact, according to our records, Gregory Crawford’s recent purchase was the largest purchase of Quipt Home Medical shares made by an insider in the last twelve months. This means that an insider found the current price of CA$3.89 per share tempting. Of course, they may have changed their mind. But this suggests they are optimistic. While we always like to see insider purchases, it is less significant if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case, we are happy to report that the insider bought shares at a price close to the current price. Gregory Crawford was the only insider to buy in the last year.
Below is a visual representation of insider transactions (by companies and individuals) over the last 12 months. If you click on the chart, you can see all the individual transactions including share price, individual, and date!
Quipt Home Medical is not the only stock that insiders are buying. For those who like to find Small-cap companies at attractive valuations, The free A list of growing companies with recent insider purchases might be just the thing.
Insider ownership of Quipt Home Medical
Looking at the total insider shareholdings in a company can help you judge whether they are well aligned with common shareholders. High insider holdings often mean that company management is more mindful of shareholder interests. Insiders own 4.5% of Quipt Home Medical shares, worth about CA$7.5 million, according to our data. We generally prefer higher levels of insider ownership.
So what does this data say about Quipt Home Medical Insiders?
It’s good to see the recent insider buying. We also take confidence from the longer-term picture of insider transactions. However, we note that the company has not made a profit in the last twelve months, which makes us cautious. We would certainly prefer higher levels of insider ownership, but analysis of insider transactions suggests that Quipt Home Medical’s insiders have a bright future ahead of them. While it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know what risks a particular company faces. In terms of investment risks: We have identified 1 warning signal with Quipt Home Medical, and this understanding should be part of your investment process.
Naturally, If you look elsewhere, you may find a fantastic investment. So take a look at the free List of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulator. Currently, we only consider open market transactions and private disposals of direct holdings, but not derivative transactions or indirect holdings.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
