Sixteen stocks insiders are selling

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Insiders are taking profits off the table.

On Monday, I reported 20 securities with recent insider trading activity.Today, we turn the focus to companies insiders are selling.

Several of the stocks listed below are trading near multi-year highs or record levels. Coincidentally, insiders are trimming positions and locking in attractive profits.

Listed below are 16 companies that have experienced recent insider selling activities in the public market through their direct and indirect ownership positions.

Keep in mind, when looking at transaction activities by insiders, selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. Furthermore, an insider's total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company.

I tend to put great weight on insider transaction activity when I see multiple insiders selling a company's shares.

Aurora Cannabis Inc. (ACB-X)

President Steve Dobler has sold 1 million shares over the course of three trading sessions, selling 200,000 shares on March 13, 300,000 shares on March 10, and half a million shares on March 9. Joseph del Moral, who sits on the board of directors, sold 1,009,800 shares at a price of $2.4078 per share on March 13, sold 383,200 shares at $2.4022 on March 10, and sold 516,700 shares at $2.4006 on March 9. Fellow board member Jason Dyck sold 250,000 shares at a price of $2.40 on March 14 and also trimmed his portfolio by 250,000 shares the prior week, on March 9, at a price of $2.4074.

Boardwalk Real Estate Investment Trust (BEI.UN-T)

President Roberto Geremia sold 13,000 units at a price of $46.37 per unit on March 16.

Canadian National Railway Corp. (CNR-T)

Four insiders have been trimming positions on share price strength. Sean Finn, the chief legal officer, sold 2,100 shares at a price of $96.707 per share on March 17, in addition to his sales of 1,000 shares on March 13 and 11,000 shares on February 28. Mike Cory, the chief operating officer, reduced his portfolio's position by 2,100 shares on March 15. That same day, board member, Edith Holiday, sold 6,441 shares. Finally, Janet Drysdale, the vice-president of corporate development, sold 2,400 shares on March 13.

Celestica Inc. (CLS-T)

On March 13, Betty DelBianco, chief legal and administrative officer, reduced her holdings by 24,000 shares.

Constellation Software Inc. (CSU-T)

On March 14, Bernard Anzarouth, vice-president of mergers and acquisitions, sold 1,000 shares in two transactions, 500 shares at a price of $649.00 per share and 500 shares at a price of $651.00 per share.

Enghouse Systems Ltd. (ENGH-T)

Chairman and chief executive officer Steve Sadler has been trimming his portfolio with the share price strength. On March 17, he sold 26,500 shares at a price of $62.38 per share. He sold 3,500 shares on March 16, and sold 21,100 shares on March 15.

FirstService Corp. (FSV-T)

With FirstService's share price spiking, board member Brendan Calder sold 1,251 shares at a price of $75.845 per share on March 15. Chuck Fallon, the chief executive officer of FirstService Residential, exercised his options and sold 35,000 shares on March 14.

Gold Standard Ventures Corp. (GSV-X)

President and chief executive officer Jonathan Awde sold 459,400 shares on March 15 and 39,600 shares the prior day.

H&R Real Estate Investment Trust (HR.UN-T)

Chief operating officer Nathan Uhr exercised his options and sold 40,816 units at a price of $22.5226 per unit on March 15.

Goldcorp Inc. (G-T)

On March 13, vice-president of project execution Kim Hackney sold 12,806 shares.

Imvescor Restaurant Group Inc. (IRG-T)

On March 13, Amber Coggan-Imbeault, chief operating officer for Pizza Delight, significantly reduced her holdings, selling 88,050 shares at a price of $3.32 per share.

Intact Financial Corp. (IFC-T)

Board member Yves Brouillette sold 12,500 shares at a price of $94.465 per share on March 15. Earlier this month, we reported vice-chair Mark Tullis was trimming his holdings, selling 17,738 shares between March 1 and March 6.

Kinaxis Inc. (KXS-T)

The stock is trading near an all-time high. On March 16, Richard Monkman, the chief financial officer, sold 5,800 shares at a price of $73.9634 per share. On March 9, John Sicard, the president and chief executive officer, sold 20,000 shares at a price of $74 per share. Last week, we reported that Doug Colbeth, the chairman of the board has been reducing his holdings, selling 21,200 shares on March 10 at a price of $73.0477 per share. The prior day, he sold 28,800 shares. On March 8, he sold 46,400 shares, and on March 7, he sold 3,600 shares at a price of $71.7806 per share.

Linamar Corp. (LNR-T)

Terry Haynes, director of treasury, sold 11,600 shares on March 13, eliminating his ownership position.

Sienna Senior Living Inc. (SIA-T)

Board member Paula Jourdain Coleman sold 30,790 shares between March 15 and March 17.

Vermillion Energy Inc. (VET-T)

On March 16, chief financial officer Curtis Hicks old 10,000 shares at a price of $50.01 per share.

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