This Insider Has Just Sold Shares In Moelis Australia Limited (ASX:MOE)

We'd be surprised if Moelis Australia Limited (ASX:MOE) shareholders haven't noticed that the Co-Founder, Christopher Wyke, recently sold AU$642k worth of stock at AU$4.59 per share. However, the silver lining is that the sale only reduced their total holding by 2.4%, so we're hesitant to read anything much into it, on its own.

See our latest analysis for Moelis Australia

Moelis Australia Insider Transactions Over The Last Year

The Co-Founder & Group Vice Chairman Andrew Pridham made the biggest insider purchase in the last 12 months. That single transaction was for AU$1.8m worth of shares at a price of AU$3.65 each. That implies that an insider found the current price of AU$4.30 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Andrew Pridham was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by companies and 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Moelis Australia 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Moelis Australia insiders own 46% of the company, worth about AU$279m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Moelis Australia Insiders?

Insiders sold Moelis Australia shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. We are also comforted by the high levels of insider ownership. So we're not too bothered by recent selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Moelis Australia. At Simply Wall St, we've found that Moelis Australia has 3 warning signs (1 shouldn't be ignored!) that deserve your attention before going any further with your analysis.

Of course Moelis Australia 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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