Despite the fact that Bridge SaaS Limited's (ASX:BGE) value has dropped 28% in the last week insiders who sold AU$729k worth of stock in the past 12 months have had less success. Insiders might have been better off holding onto their shares, given that the average selling price of AU$0.025 is still below the current share price.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At Bridge SaaS

The insider, Rupert Taylor-Price, made the biggest insider sale in the last 12 months. That single transaction was for AU$729k worth of shares at a price of AU$0.03 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of AU$0.018. So it may not shed much light on insider confidence at current levels. Rupert Taylor-Price was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 5.83m shares worth AU$174k. But insiders sold 29.46m shares worth AU$729k. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Bridge SaaS

I will like Bridge SaaS better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Bridge SaaS 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. Bridge SaaS insiders own about AU$593k worth of shares. That equates to 16% of the company. 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 Bridge SaaS Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Bridge SaaS shares in the last quarter. We don't take much encouragement from the transactions by Bridge SaaS insiders. The modest level of insider ownership is, at least, some comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bridge SaaS. Our analysis shows 6 warning signs for Bridge SaaS (4 are potentially serious!) and we strongly recommend you look at them before investing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.