Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Sangoma Technologies Corporation (TSE:STC), that sends out a positive message to the company's shareholders.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Sangoma Technologies

Sangoma Technologies Insider Transactions Over The Last Year

The Independent Director Marc Lederman made the biggest insider purchase in the last 12 months. That single transaction was for CA$126k worth of shares at a price of CA$4.19 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$8.62. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 81.00k shares worth CA$498k. But they sold 13.70k shares for CA$87k. In total, Sangoma Technologies insiders bought more than they sold over the last year. The average buy price was around CA$6.15. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Sangoma Technologies is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Have Sangoma Technologies Insiders Traded Recently?

We have seen a bit of insider selling at Sangoma Technologies, over the last three months. Chief Technology Officer Nenad Corbic sold just CA$11k worth of shares in that time. Neither the lack of buying nor the presence of selling is heartening. But the selling simply isn't sufficiently substantial to be of much use as a signal.

Does Sangoma Technologies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Sangoma Technologies insiders own 23% of the company, worth about CA$66m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Sangoma Technologies Insider Transactions Indicate?

While there has not been any insider buying in the last three months, there has been selling. But given the selling was modest, we're not worried. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Sangoma Technologies and their transactions don't cause us concern. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Sangoma Technologies.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.