Yahoo Finance Amar Bukkasagaram Spends CA$1.8m Buying Alithya Group Shares
Alithya Group Inc. (TSE:ALYA) shareholders (or potential shareholders) will be happy to see that insider Amar Bukkasagaram recently bought a whopping CA$1.8m worth of stock, at a price of CA$2.94. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 25%.
See our latest analysis for Alithya Group
Alithya Group Insider Transactions Over The Last Year
In fact, the recent purchase by Amar Bukkasagaram was the biggest purchase of Alithya Group shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$2.11 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid CA$1.9m for 641.42k shares. But they sold 60.00k shares for CA$140k. In total, Alithya Group insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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).
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 19% of Alithya Group shares, worth about CA$38m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Alithya Group Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Alithya Group we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Alithya Group, you should check out this free report on analyst forecasts for the company.
Of course Alithya Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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