Insiders who bought Osisko Development Corp. (CVE:ODV) in the last 12 months may probably not pay attention to the stock's recent 13% drop. Reason being, despite the recent loss, insiders original purchase value of CA$2.59m is now worth CA$2.90m.

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.

View our latest analysis for Osisko Development

The Last 12 Months Of Insider Transactions At Osisko Development

In the last twelve months, the biggest single purchase by an insider was when Independent Director Marina Katusa bought CA$1.4m worth of shares at a price of CA$2.43 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$2.73. 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 1.06m shares worth CA$2.6m. But they sold 27.05k shares for CA$102k. In total, Osisko Development insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insiders At Osisko Development Have Bought Stock Recently

It's good to see that Osisko Development insiders have made notable investments in the company's shares. Overall, nine insiders shelled out CA$2.6m for shares in the company -- and none sold. This makes one think the business has some good points.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Osisko Development insiders own 1.4% of the company, worth about CA$4.0m. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Osisko Development Tell Us?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Osisko Development insiders are reasonably well aligned, and optimistic for the 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 2 warning signs for Osisko Development you should know about.

Of course Osisko Development may not be the best stock to buy. So you may wish to see this free collection of high quality 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.