We note that a Indian Energy Exchange Limited (NSE:IEX) insider, , recently sold worth of stock for per share. However we note that the sale only shrunk their holding by .
Indian Energy Exchange Insider Transactions Over The Last Year
The insider, Akhilesh Awasthy, made the biggest insider sale in the last 12 months. That single transaction was for ₹14m worth of shares at a price of ₹145 each. That means that even when the share price was below the current price of ₹180, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it’s only a weak signal. This single sale was 86% of Akhilesh Awasthy’s stake.
In total, Indian Energy Exchange insiders sold more than they bought over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Insider Ownership of Indian Energy Exchange
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Indian Energy Exchange insiders own 0.3% of the company, worth about ₹175m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Indian Energy Exchange Insiders?
Unfortunately, there has been more insider selling of Indian Energy Exchange stock, than buying, in the last three months. And our longer term analysis of insider transactions didn’t bring confidence, either. On the plus side, Indian Energy Exchange makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. Along with insider transactions, I recommend checking if Indian Energy Exchange is growing revenue. This free chart of historic revenue and earnings should make that easy.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
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