WiseTech Global Sees Insider Stock Selling

Looking at WiseTech Global Limited's (ASX:WTC ) 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, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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The Last 12 Months Of Insider Transactions At WiseTech Global

Over the last year, we can see that the biggest insider sale was by the insider, Charles Gibbon, for AU$200m worth of shares, at about AU$131 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$116). So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Charles Gibbon.

Happily, we note that in the last year insiders paid AU$151k for 1.17k shares. But they sold 1.53m shares for AU$200m. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for WiseTech Global

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does WiseTech Global 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. WiseTech Global insiders own 8.1% of the company, currently worth about AU$3.1b based on the recent share price. 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 WiseTech Global Insiders?

It doesn't really mean much that no insider has traded WiseTech Global 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 WiseTech Global insiders selling. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for WiseTech Global.

Of course WiseTech Global 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.