Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Rogers Communications Inc. (TSE:RCI.B), it sends a favourable message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Rogers Communications
The insider Ivan Fecan made the biggest insider purchase in the last 12 months. That single transaction was for CA$461k worth of shares at a price of CA$58.30 each. That means that an insider was happy to buy shares at around the current price of CA$61.49. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Rogers Communications insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 16.00k shares worth CA$935k. But they sold 604.00 shares for CA$37k. Overall, Rogers Communications insiders were net buyers during the last year. You can see the insider transactions (by companies and 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!
Rogers Communications is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders at Rogers Communications Have Bought Stock Recently
Over the last quarter, Rogers Communications insiders have spent a meaningful amount on shares. In total, insiders bought CA$899k worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future.
Insider Ownership of Rogers Communications
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. Rogers Communications insiders own 1.0% of the company, currently worth about CA$297m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Rogers Communications Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Rogers Communications insiders are well aligned, and quite possibly think the share price is too low. Looks promising! 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. At Simply Wall St, we found 1 warning sign for Rogers Communications that deserve your attention before buying any shares.
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, but not derivative transactions.
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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.