We note that the Zedcor Inc. (CVE:ZDC) Independent Director, Brian McGill, recently sold CA$104k worth of stock for CA$5.20 per share. On the bright side, that's just a small sale and only reduced their holding by 7.2%.
The Last 12 Months Of Insider Transactions At Zedcor
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Dean Swanberg, sold CA$6.5m worth of shares at a price of CA$6.50 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of CA$5.13. So it is hard to draw any strong conclusion from it. Notably Dean Swanberg was also the biggest buyer, having purchased CA$781k worth of shares.
In the last twelve months insiders purchased 158.80k shares for CA$781k. On the other hand they divested 2.06m shares, for CA$13m. Over the last year we saw more insider selling of Zedcor shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Zedcor
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Does Zedcor 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 19% of Zedcor shares, worth about CA$105m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Zedcor Insiders?
An insider hasn't bought Zedcor stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Zedcor. To that end, you should learn about the 3 warning signs we've spotted with Zedcor (including 1 which makes us a bit uncomfortable).
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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.