Insider Returns Down To US$33k As QTREX Quantum's Stock Dips 16%
Insiders who purchased QTREX Quantum Ltd. (NASDAQ:QTEX) shares in the past 12 months are unlikely to be deeply impacted by the stock's 16% decline over the past week. Even after accounting for the recent loss, the US$180.9k worth of stock purchased by them is now worth US$214.1k or in other words, their investment continues to give good returns.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At QTREX Quantum
The GM & CTO, Daniella Yeheskely-Hayon, made the biggest insider sale in the last 12 months. That single transaction was for US$150k worth of shares at a price of US$3.00 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$1.03). So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Daniella Yeheskely-Hayon.
In the last twelve months insiders purchased 207.83k shares for US$181k. But insiders sold 50.00k shares worth US$150k. Overall, QTREX Quantum insiders were net buyers during the last year. The average buy price was around US$0.87. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for QTREX Quantum
QTREX Quantum is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insiders At QTREX Quantum Have Bought Stock Recently
Over the last quarter, QTREX Quantum insiders have spent a meaningful amount on shares. Overall, two insiders shelled out US$181k for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.
Does QTREX Quantum 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. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that QTREX Quantum insiders own 11% of the company, worth about US$7.6m. We do generally prefer see higher levels of insider ownership.
So What Do The QTREX Quantum Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that QTREX Quantum insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing QTREX Quantum. To help with this, we've discovered 4 warning signs (2 are a bit concerning!) that you ought to be aware of before buying any shares in QTREX Quantum.
Of course QTREX Quantum 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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