Have Insiders Sold Astron Shares Recently?

Anyone interested in Astron Corporation Limited (ASX:ATR) should probably be aware that the MD, CEO & Executive Director, Tiger Brown, recently divested AU$312k worth of shares in the company, at an average price of AU$0.052 each. However, the silver lining is that the sale only reduced their total holding by 6.2%, so we're hesitant to read anything much into it, on its own.

Check out our latest analysis for Astron

The Last 12 Months Of Insider Transactions At Astron

Notably, that recent sale by MD, CEO & Executive Director Tiger Brown was not the only time they sold Astron shares this year. They previously made an even bigger sale of -AU$4.3m worth of shares at a price of AU$0.66 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (AU$0.55). So it may not shed much light on insider confidence at current levels.

Astron insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Astron

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Astron insiders own 73% of the company, currently worth about AU$83m based on the recent share price. 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 Astron Insiders?

An insider sold Astron shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 4 warning signs for Astron (1 is a bit unpleasant!) that we believe deserve your full attention.

But note: Astron 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 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.