Insiders Of Thrive Tribe Technologies Make A Tidy Sum Selling At AU$0.003

While it’s been a great week for Thrive Tribe Technologies Limited (ASX:1TT) shareholders after stock gained 33%, company insiders might have missed out on those gains after selling stock earlier this year. The value of their investment would have been higher had they waited to sell their stock.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Thrive Tribe Technologies

The Last 12 Months Of Insider Transactions At Thrive Tribe Technologies

The insider, Amarandhar Kotha, made the biggest insider sale in the last 12 months. That single transaction was for AU$98k worth of shares at a price of AU$0.003 each. That means that an insider was selling shares at slightly below the current price (AU$0.004). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was 100% of Amarandhar Kotha's holding. Amarandhar Kotha was the only individual insider to sell shares in the last twelve months. Notably Amarandhar Kotha was also the biggest buyer, having purchased AU$93k worth of shares.

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!

I will like Thrive Tribe Technologies 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.

Thrive Tribe Technologies Insiders Are Selling The Stock

Over the last three months, we've seen significant insider selling at Thrive Tribe Technologies. Specifically, insider Amarandhar Kotha ditched AU$98k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.

Insider Ownership Of Thrive Tribe Technologies

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. Insiders own 30% of Thrive Tribe Technologies shares, worth about AU$845k. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Thrive Tribe Technologies Tell Us?

An insider sold Thrive Tribe Technologies shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Thrive Tribe Technologies. For instance, we've identified 5 warning signs for Thrive Tribe Technologies (4 are concerning) you should be aware of.

Of course Thrive Tribe Technologies 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 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.