Have Insiders Sold Betmakers Technology Group Ltd (ASX:BET) Shares Recently?

We wouldn't blame Betmakers Technology Group Ltd (ASX:BET) shareholders if they were a little worried about the fact that Simon Dulhunty, the Non-Independent Non Executive Director recently netted about AU$1.2m selling shares at an average price of AU$0.96. That sale reduced their total holding by 25% which is hardly insignificant, but far from the worst we've seen.

Check out our latest analysis for Betmakers Technology Group

Betmakers Technology Group Insider Transactions Over The Last Year

In fact, the recent sale by Simon Dulhunty was the biggest sale of Betmakers Technology Group shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was below the current price of AU$0.98, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 25% of Simon Dulhunty's stake.

Betmakers Technology Group insiders didn't buy any shares over 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!

I will like Betmakers Technology Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Betmakers Technology Group insiders own about AU$76m worth of shares. That equates to 10% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Betmakers Technology Group Insiders?

Insiders haven't bought Betmakers Technology Group stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Betmakers Technology Group is showing 3 warning signs in our investment analysis, and 1 of those is potentially serious...

Of course Betmakers Technology Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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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This article by Simply Wall St is general in nature. 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.
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