Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Listed below is a security that has had recent buying activity in the public market reported by insiders.
Kinaxis Inc. (KXS-T)
On Aug. 29, director Jill Denham invested over $639,000 in shares of Kinaxis. She acquired 4,700 shares at a cost per share of $136.16, initiating a position in this particular account.
On Aug. 28, chair of the board of directors Bob Courteau invested over $386,000 in shares of the company. He purchased 2,800 shares at a price per share of $138.01, initiating a position in this specific account.
Mr. Courteau is the former chief executive officer of Altus Group Ltd. (AIF-T).
On July 31, the share price closed at $169.86. Since then, the stock price has declined 13 per cent, closing at $147.96 on Sept. 4.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Computer Modelling Group Ltd. (CMG-T)
Between Aug. 28-30, Long Nghiem, vice president, innovation lab, sold a total of 25,300 shares at an average price per share of approximately $12.75, trimming the holdings in this particular account to 574,055 shares. Proceeds from the sales totaled more than $321,000, excluding commission charges.
George Weston Ltd. (WN-T)
On Aug. 29 and 30, president and chief financial officer Richard Dufresne exercised his options, receiving a total of 7,700 shares at a cost per share of $93.17 and sold 7,700 shares at an average price per share of roughly $219.23, after which this particular account held 26,637 shares. Net proceeds totaled over $970,000, not including any associated transaction charges.
Leon’s Furniture Ltd. (LNF-T)
On Aug. 27, vice president, legal and corporate secretary John Cooney divested 3,800 shares at a price per share of $30, reducing the holdings in this particular account to 64,243 shares. Proceeds from the sale totaled $114,000, excluding trading fees.
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