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 are two stocks that have had recent buying activity in the public market reported by insiders.
Altus Group Ltd. (AIF-T)
On Sept. 22, chair and chief executive officer Mike Gordon invested over US$159,000 in shares of Altus. He bought 5,000 shares at a price per share of US$31.91, increasing the holdings in this specific account to 46,940 shares.
BCE Inc. (BCE-T)
On Sept. 18, chair of the board Louis Vachon invested over $306,000 in shares of BCE. He acquired 10,000 shares at a price per share of $30.63, increasing the holdings in this particular account to 100,000 shares.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
Bank of Montreal (BMO-T)
On Sept. 21, Piyush Agrawal, chief risk officer of BMO Financial Group, exercised his options, receiving 10,073 shares at a cost per share of $122.31, and sold 10,073 shares at a price per share of $248.5283. Net proceeds totaled more than $1.2-million, not including any associated transaction charges. After these transactions, this particular account did not hold any shares.
CGI Inc. (GIB-A-T)
On Sept. 15, Rakesh Aerath, president of CGI’s Asia Pacific Global Delivery Centers of Excellence, exercised his options, receiving 3,226 shares at a cost per share of $63.23, and sold 3,226 shares at a price per share of $101.60, leaving 1,070 shares in this particular account. Net proceeds exceeded $123,000, excluding any associated transaction fees.
Previously, we reported executive vice president and chief administrative officer Stephanie Mango exercised her options on Sept. 14, receiving 15,167 shares at a cost per share of $63.23, and sold 15,167 shares at an average price per share of roughly $100.02. Net proceeds totaled more than $558,000. After these transactions, this particular account held 10,346 shares.