A number of insiders bought Progressive Planet Solutions Inc. (CVE:PLAN) stock last year, which is great news for shareholders

Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Progressive Planet Solutions Inc. (CVE:PLAN), that sends out a positive message to the company's shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Progressive Planet Solutions

The Last 12 Months Of Insider Transactions At Progressive Planet Solutions

The Chairman, Stephen Harpur, made the biggest insider sale in the last 12 months. That single transaction was for CA$357k worth of shares at a price of CA$0.43 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of CA$0.32. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Stephen Harpur. Notably Stephen Harpur was also the biggest buyer, having purchased CA$522k worth of shares.

In the last twelve months insiders purchased 1.65m shares for CA$522k. But they sold 830.40k shares for CA$357k. In the last twelve months there was more buying than selling by Progressive Planet Solutions insiders. They paid about CA$0.32 on average. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insiders At Progressive Planet Solutions Have Bought Stock Recently

There was some insider buying at Progressive Planet Solutions over the last quarter. Insiders purchased CA$26k worth of shares in that period. It's great to see that insiders are only buying, not selling. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

Insider Ownership

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. It appears that Progressive Planet Solutions insiders own 33% of the company, worth about CA$11m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Progressive Planet Solutions Tell Us?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Progressive Planet Solutions insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Progressive Planet Solutions. Every company has risks, and we've spotted 5 warning signs for Progressive Planet Solutions (of which 3 make us uncomfortable!) you should know about.

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, but not derivative transactions.

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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.

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