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Highlights
- Multiple insiders are investing in Geekco Technologies Corp (TSX:GKO).
- Co-founder made a significant purchase above current stock price.
- Insiders own 35% of Geekco Technologies, fostering alignment with shareholders.
When it comes to insider activities, seeing multiple insiders investing in their own company can be encouraging for shareholders. This is the case with Geekco Technologies Corporation (TSX:GKO), where various insiders have been purchasing shares.
Recent Insider Transactions
Over the last 12 months, Geekco Technologies has witnessed significant insider activity. Co-Founder Henry Harland made the largest insider transaction by acquiring CA$75,000 worth of shares at CA$0.081 each. This investment was made at a price higher than the current value of CA$0.055, which might suggest a bullish outlook by the insider. Typically, when insiders invest at prices above the current market level, it signals their confidence in the company's potential.
Throughout the past year, insiders bought shares without selling any, averaging an acquisition price of CA$0.06. This consistent buying pattern implies that insiders perceive value in the stock at current prices.
Insider Ownership
Insider ownership is crucial as it often indicates a company’s management’s alignment with shareholders’ interests. Insiders at Geekco Technologies hold approximately CA$1.8 million worth of shares, representing a 35% stake in the company. While there are companies with higher insider ownership, this level is substantial enough to foster an alignment of interests.
What Does This Mean for Geekco Technologies?
Although there haven’t been any insider transactions in the past three months, the trend over the last year shows increased insider interest. This pattern does not raise any immediate concerns. It's also beneficial to consider the potential risks faced by Geekco Technologies. Importantly, Geekco Technologies is just one of several companies where insiders are investing. Exploring these other opportunities can be enlightening.
For those looking to explore further, it's essential to examine any risks associated with Geekco Technologies. Our research identified five warning signs, some of which warrant serious consideration.
While recent insider activities at Geekco Technologies signal positive sentiments from insiders, evaluating these insights alongside other relevant data will provide a comprehensive view of the stock's potential.
