This Insider Has Just Sold Shares In Coventry Group

Investors may wish to note that the CEO, MD & Director of Coventry Group Ltd, Robert Bulluss, recently netted AU$113k from selling stock, receiving an average price of AU$1.04. On the bright side, that's just a small sale and only reduced their holding by 9.0%.

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The Last 12 Months Of Insider Transactions At Coventry Group

Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Chairman Neil Cathie for AU$145k worth of shares, at about AU$1.45 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.98). 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. To us, it's very important to consider the price insiders pay for shares. 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.

Over the last year, we can see that insiders have bought 301.56k shares worth AU$405k. But insiders sold 109.45k shares worth AU$113k. Overall, Coventry Group insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Coventry Group

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Does Coventry Group Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Coventry Group insiders have about 3.9% of the stock, worth approximately AU$4.6m. However, it's possible that insiders might have an indirect interest through a more complex structure. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Coventry Group Tell Us?

The stark truth for Coventry Group is that there has been more insider selling than insider buying in the last three months. But we take heart from prior transactions. But we'd like it if insiders owned more stock, overall. So we can't be sure that insiders are optimistic. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 5 warning signs for Coventry Group you should be aware of.

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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.