Macquarie Technology Group Sees Insider Stock Selling

Looking at Macquarie Technology Group Limited's (ASX:MAQ ) insider transactions over the last year, we can see that insiders were net sellers. That is, there were more number of shares sold by insiders than there were purchased.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Macquarie Technology Group

The Last 12 Months Of Insider Transactions At Macquarie Technology Group

Over the last year, we can see that the biggest insider sale was by the Co-Founder, David Tudehope, for AU$28m worth of shares, at about AU$80.00 per share. That means that even when the share price was below the current price of AU$82.00, 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. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 3.2% of David Tudehope's stake. David Tudehope was the only individual insider to sell over the last year.

David Tudehope sold a total of 700.00k shares over the year at an average price of AU$80.00. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Does Macquarie Technology Group Boast High Insider Ownership?

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. Macquarie Technology Group insiders own about AU$906m worth of shares (which is 43% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Macquarie Technology Group Tell Us?

It doesn't really mean much that no insider has traded Macquarie Technology Group shares in the last quarter. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Macquarie Technology Group insiders selling. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Macquarie Technology Group.

But note: Macquarie Technology Group 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.