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With 8VI Holdings Limited's (ASX:8VI)) price down 16% this week, insiders might find some solace having sold S$2.0m worth of shares earlier this year.
Over the past year, insiders sold S$2.0m worth of 8VI Holdings Limited (ASX:8VI) stock at an average price of S$2.49 per share allowing them to get the most out of their money. After the stock price dropped 16% last week, the company's market value declined by AU$5.7m, but insiders were able to mitigate their losses.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for 8VI Holdings
8VI Holdings Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Executive Director, Kuan Tat Chee, sold AU$997k worth of shares at a price of AU$2.49 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of AU$0.80. So it is hard to draw any strong conclusion from it.
8VI Holdings insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 9.1% of 8VI Holdings shares, worth about AU$2.7m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About 8VI Holdings Insiders?
It doesn't really mean much that no insider has traded 8VI Holdings shares in the last quarter. We don't take much encouragement from the transactions by 8VI Holdings insiders. And we're not picking up on high enough insider ownership to give us any comfort. 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 1 warning sign for 8VI Holdings you should be aware of.
But note: 8VI Holdings 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.
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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Have 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.
About ASX:8VI
8VI Holdings
An investment holding company, operates as a financial education technology company under the VI brand name in Singapore and internationally.
Flawless balance sheet with proven track record.
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