Executive VP and Chief Legal & Governance Officer Andrea Wood Sold A Bunch Of Shares In TELUS

We wouldn't blame TELUS Corporation (TSE:T) shareholders if they were a little worried about the fact that Andrea Wood, the Executive VP and Chief Legal & Governance Officer recently netted about CA$2.0m selling shares at an average price of CA$22.00. That diminished their holding by a very significant 100%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for TELUS

The Last 12 Months Of Insider Transactions At TELUS

Over the last year, we can see that the biggest insider purchase was by President Darren Entwistle for CA$3.1m worth of shares, at about CA$23.31 per share. That means that an insider was happy to buy shares at above the current price of CA$21.72. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Over the last year, we can see that insiders have bought 290.51k shares worth CA$6.7m. On the other hand they divested 91.97k shares, for CA$2.0m. In the last twelve months there was more buying than selling by TELUS insiders. 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!

TELUS is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of TELUS

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.1% of TELUS shares, worth about CA$40m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The TELUS Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. But we take heart from prior transactions. And insiders do own shares. So the recent selling doesn't worry us too much. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 6 warning signs for TELUS (2 can't be ignored) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com