Have Insiders Been Buying H2O Innovation Inc. (CVE:HEO) Shares This Year?
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We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares in H2O Innovation Inc. (CVE:HEO).
What Is Insider Selling?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.
Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
See our latest analysis for H2O Innovation
H2O Innovation Insider Transactions Over The Last Year
Vice Chairman Richard Hoel made the biggest insider purchase in the last 12 months. That single transaction was for CA$165k worth of shares at a price of CA$0.83 each. We do like to see buying, but this purchase was made at well below the current price of CA$1.15. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months insiders paid CA$265k for 319k shares purchased. H2O Innovation may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
H2O Innovation is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of H2O Innovation
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 8.1% of H2O Innovation shares, worth about CA$5.2m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The H2O Innovation Insider Transactions Indicate?
The fact that there have been no H2O Innovation insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think H2O Innovation insiders are doubting the company. Of course, the future is what matters most. So if you are interested in H2O Innovation, you should check out this free report on analyst forecasts for the company.
Of course H2O Innovation 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 aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.