Have Insiders Sold Cobram Estate Olives Shares Recently?

We wouldn't blame Cobram Estate Olives Limited (ASX:CBO) shareholders if they were a little worried about the fact that Leandro Ravetti, the Joint-CEO (Technical & Production) and Executive Director recently netted about AU$3.2m selling shares at an average price of AU$3.20. That's a big disposal, and it decreased their holding size by 19%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Cobram Estate Olives

Notably, that recent sale by Leandro Ravetti is the biggest insider sale of Cobram Estate Olives shares that we've seen in the last year. That means that an insider was selling shares at below the current price (AU$3.23). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 19% of Leandro Ravetti's stake.

In the last year Cobram Estate Olives insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Cobram Estate Olives

I will like Cobram Estate Olives better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Cobram Estate Olives

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Cobram Estate Olives insiders own about AU$212m worth of shares (which is 16% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Cobram Estate Olives Insiders?

Insiders haven't bought Cobram Estate Olives 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. But it is good to see that Cobram Estate Olives is growing earnings. 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cobram Estate Olives. While conducting our analysis, we found that Cobram Estate Olives has 2 warning signs and it would be unwise to ignore them.

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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.