Insiders who bought TELUS International (Cda) Inc. (NYSE:TIXT) in the last 12 months may probably not pay attention to the stock's recent 20% drop. After taking the recent loss into consideration, the US$532.8k worth of stock they bought is now worth US$709.5k, indicating that their investment yielded a positive return.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
TELUS International (Cda) Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Lead Director Josh Blair bought US$282k worth of shares at a price of US$2.82 per share. We do like to see buying, but this purchase was made at well below the current price of US$3.53. 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 TELUS International (Cda) insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
TELUS International (Cda) is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
TELUS International (Cda) Insiders Bought Stock Recently
Over the last quarter, TELUS International (Cda) insiders have spent a meaningful amount on shares. Independent Lead Director Josh Blair spent US$282k on stock, and there wasn't any selling. This is a positive in our book as it implies some confidence.
Insider Ownership Of TELUS International (Cda)
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. TELUS International (Cda) insiders own about US$14m worth of shares. That equates to 1.4% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At TELUS International (Cda) Tell Us?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in TELUS International (Cda) shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 4 warning signs for TELUS International (Cda) (2 are potentially serious) you should be aware of.
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.
