This Insider Has Just Sold Shares In COSOL

Investors may wish to note that the MD & Director of COSOL Limited, Benjamin Buckley, recently netted AU$138k from selling stock, receiving an average price of AU$0.92. It wasn't a huge sale, but it did reduce their holding by 23%. This does not instill confidence.

Check out our latest analysis for COSOL

The Last 12 Months Of Insider Transactions At COSOL

In fact, the recent sale by Benjamin Buckley was the biggest sale of COSOL shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was slightly below the current price of AU$0.94, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 23% of Benjamin Buckley's holding.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does COSOL 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. COSOL insiders own about AU$83m worth of shares (which is 50% 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 Do The COSOL Insider Transactions Indicate?

An insider sold COSOL 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing COSOL. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of COSOL.

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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.