Rashed Dewan Bought 41% More Shares In Profound Medical

Simply Wall St.08-19

Even if it's not a huge purchase, we think it was good to see that Rashed Dewan, the Chief Financial Officer of Profound Medical Corp. (TSE:PRN) recently shelled out CA$125k to buy stock, at CA$12.85 ...

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(TSE:PRN) recently shelled out CA$125k to buy stock, at CA$12.85 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rashed-dewan-bought-41-more-101207537.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PROF","symbol_name":"Profound Medical Corp.","start_time":0,"source_url":"https://finance.yahoo.com/news/rashed-dewan-bought-41-more-101207537.html","article_id":"2460081741","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/qrnhoA9Y9l_fYJBd0ck5WA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/983f2bdfe32b19227b1d118c45bf4f09"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2460081741","pubTimestamp":1724062327,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Even if it's not a huge purchase, we think it was good to see that Rashed Dewan, the Chief Financial Officer of Profound Medical Corp.  recently shelled out CA$125k to buy stock, at CA$12.85 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 41%.The Last 12 Months Of Insider Transactions At Profound Medical. In fact, the recent purchase by Rashed Dewan was the biggest purchase of Profound Medical shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of CA$12.60. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PROF":"Profound Medical Corp.","BK4082":"医疗保健设备"},"translate_title":"Rashed Dewan购买了Profound Medical 41%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PROF":0.9},"content_text":"Even if it's not a huge purchase, we think it was good to see that Rashed Dewan, the Chief Financial Officer of Profound Medical Corp. (TSE:PRN) recently shelled out CA$125k to buy stock, at CA$12.85 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 41%. \n View our latest analysis for Profound Medical \n The Last 12 Months Of Insider Transactions At Profound Medical \n In fact, the recent purchase by Rashed Dewan was the biggest purchase of Profound Medical shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of CA$12.60. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. \n Over the last year, we can see that insiders have bought 18.21k shares worth CA$244k. But insiders sold 8.69k shares worth CA$95k. Overall, Profound Medical insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! \n\n\n\n  TSX:PRN Insider Trading Volume August 19th 2024\n \n\n Profound Medical is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. \n Does Profound Medical Boast High Insider Ownership? \n Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 9.0% of Profound Medical shares, worth about CA$28m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. \n So What Do The Profound Medical Insider Transactions Indicate? \n It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Profound Medical shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 2 warning signs for Profound Medical that deserve your attention before buying any shares. \n But note: Profound Medical may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. \nFor 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.\nHave 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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460081741"}