Positive signs than several insiders buy bitfarms shares

It is usually uneventful if a single insider buys shares. However, if some insiders buy as it happened Bitfarms Ltd. (TSE: BITF) Case, they are fantastic news for shareholders.

Insider transactions are not the most important thing when it comes to long-term investments, but logic dictates that you should pay attention to whether insiders buy or sell shares.

Take a look at our latest analysis for bitfarms

The CEO and director Benjamin Gagnon has made the largest insider purchase in the past 12 months. This individual transaction was approximately $ $ 242,000 for a price of $ 2.42. This means that an insider liked to buy approx. $ $ Shares over the current price. While your view may have changed since the purchase, this at least indicates that you had confidence in the future of the company. In our view, the price that an insider pays for stocks is very important. It is generally more encouraging if you are paid over the current price over the current price, as you point out that you have seen a value, even at higher levels.

Fortunately, we find that insiders paid about $ 676,000 for 274.58,000 shares last year. On the other hand, they sold 49.67,000 shares for about $ 142,000. Overall, Bitfarms bought insiders more than last year. The following table shows insider transactions (by companies and individuals) last year. If you want to know exactly who sold, how much and when, just click on the graphic below!

Bitfarms is not the only share buying insiders. For those who like to find Small cap companies in attractive reviews, The free The list of growing companies with recently in insider shopping could be exactly the ticket.

In the last quarter, Bitfarm’s insider issued a sensible amount for stocks. In total, insiders bought shares worth 519,000 and we have not recorded any sales. This could be interpreted in such a way that they indicate a positive view.

Another way to test the orientation between the leaders of a company and other shareholders is to examine how many stocks they have. Usually we want to see a fairly high level of insider ownership. Our data indicate that Bitfarms insiders have 0.2% of the company, which has about $ 1.7 million worth approx. $. We prefer to see a high degree of insider ownership.

The youngest insiders are encouraging. And the long -term insider transactions also give us trust. However, we find that the company has not made a profit in the past twelve months, which makes us careful. We would certainly prefer to recognize a higher level of insiders, but the analysis of the insider transactions suggests that Bitfarms insiders expect a brilliant future. While it is good to aware of what is going on with the insider’s property and transactions, we ensure which risks are faced with a share before we make an investment decision. Our analysis shows 2 warning signs for Bitfarms (1 is a little uncomfortable!) And we strongly recommend that you look at it before investing.