Yahoo Finance Pembina Pipeline Corporation (TSE:PPL) insiders placed bullish bets worth CA$773k in the last 12 months
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Pembina Pipeline Corporation's (TSE:PPL) case, it's fantastic news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Pembina Pipeline
Pembina Pipeline Insider Transactions Over The Last Year
The Independent Director, David Malcolm LeGresley, made the biggest insider sale in the last 12 months. That single transaction was for CA$522k worth of shares at a price of CA$52.23 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$42.62. So it is hard to draw any strong conclusion from it. David Malcolm LeGresley was the only individual insider to sell shares in the last twelve months.
In the last twelve months insiders purchased 18.29k shares for CA$773k. But they sold 13.55k shares for CA$700k. In the last twelve months there was more buying than selling by Pembina Pipeline insiders. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Pembina Pipeline Insiders Bought Stock Recently
Over the last quarter, Pembina Pipeline insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought CA$552k worth of shares. That shows some optimism about the company's future.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.08% of Pembina Pipeline shares, worth about CA$19m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Pembina Pipeline Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Pembina Pipeline we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 3 warning signs for Pembina Pipeline (of which 1 is significant!) you should know about.
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.
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