This Insider Has Just Sold Shares In TerraVest Industries

Some TerraVest Industries Inc. (TSE:TVK) shareholders may be a little concerned to see that the Executive Chairman, Charles Pellerin, recently sold a substantial CA$9.6m worth of stock at a price of CA$102 per share. However, that sale only accounted for 2.6% of their holding, so arguably it doesn't say much about their conviction.

Check out our latest analysis for TerraVest Industries

The Last 12 Months Of Insider Transactions At TerraVest Industries

Notably, that recent sale by Charles Pellerin is the biggest insider sale of TerraVest Industries shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of CA$99.54. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. 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.

In the last twelve months insiders purchased 1.24k shares for CA$72k. But insiders sold 421.08k shares worth CA$36m. In total, TerraVest Industries insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like TerraVest Industries 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.

Insider Ownership Of TerraVest Industries

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. TerraVest Industries insiders own 22% of the company, currently worth about CA$418m 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 TerraVest Industries Insiders?

Insiders sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that TerraVest Industries is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TerraVest Industries. In terms of investment risks, we've identified 3 warning signs with TerraVest Industries and understanding them should be part of your investment process.

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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.