This Insider Has Just Sold Shares In Goodman Group (ASX:GMG)

We wouldn't blame Goodman Group (ASX:GMG) shareholders if they were a little worried about the fact that Gregory Goodman, the Group CEO & Director recently netted about AU$26m selling shares at an average price of AU$19.89. However, that sale only accounted for 3.2% of their holding, so arguably it doesn't say much about their conviction.

Check out our latest analysis for Goodman Group

Goodman Group Insider Transactions Over The Last Year

In fact, the recent sale by Gregory Goodman was the biggest sale of Goodman Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of AU$19.43. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we can see that insiders have bought 13.41k shares worth AU$242k. But insiders sold 1.31m shares worth AU$26m. All up, insiders sold more shares in Goodman Group than they bought, 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!

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Insider Ownership Of Goodman Group

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Goodman Group insiders own about AU$902m worth of shares (which is 2.5% 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 Goodman Group Insiders?

An insider sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Goodman Group. For example - Goodman Group has 1 warning sign we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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. 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.