CFO & VP Of Kolibri Global Energy Sold 26% Of Their Shares

Anyone interested in Kolibri Global Energy Inc. (TSE:KEI) should probably be aware that the CFO & VP, Gary Johnson, recently divested CA$182k worth of shares in the company, at an average price of CA$9.52 each. The eyebrow raising move amounted to a reduction of 26% in their holding.

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The Last 12 Months Of Insider Transactions At Kolibri Global Energy

Notably, that recent sale by Gary Johnson is the biggest insider sale of Kolibri Global Energy shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of CA$9.72. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 26% of Gary Johnson's stake.

In the last twelve months insiders purchased 9.14k shares for CA$39k. But they sold 19.15k shares for CA$182k. 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!

Check out our latest analysis for Kolibri Global Energy

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Kolibri Global Energy

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own CA$4.4m worth of Kolibri Global Energy stock, about 1.3% of the company. We consider this fairly low insider ownership.

So What Does This Data Suggest About Kolibri Global Energy Insiders?

An insider sold Kolibri Global Energy shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Kolibri Global Energy makes money, and is growing profits. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. We'd certainly practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Kolibri Global Energy has 1 warning sign and it would be unwise to ignore this.

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 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.