BirdDog Technology Limited (ASX:BDT) has experienced an 11% drop in its stock value over the past week. However, insiders who sold AU$638k worth of stock over the past year may have made a mistake as the average selling price of AU$0.051 is still lower than the current share price. While investors should not solely base their decisions on insider transactions, it is worth noting that Eamon Drew made the largest insider sale of AU$526k, but at a price higher than the current value of AU$0.032.
Despite some insider selling, there has been a small insider purchase of AU$200 in the last three months. However, the overall insider ownership of BirdDog Technology is significant, with insiders owning 49% of the company, indicating alignment with shareholders. Yet, the lack of significant insider buying over the past year may raise concerns for investors.
With potential warning signs and risks surrounding BirdDog Technology, investors may want to conduct a thorough analysis before making any investment decisions. While insider transactions provide some insight, investors should also consider other factors such as financial performance and market conditions. Simply Wall St does not provide financial advice, but offers unbiased analysis based on historical data and forecasts to aid investors in their decision-making process.
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