This Atalaya Mining Insider Reduced Their Stake By 71%

From what we can see, insiders were net sellers in Atalaya Mining Plc's (LON:ATYM ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Atalaya Mining

The Last 12 Months Of Insider Transactions At Atalaya Mining

Over the last year, we can see that the biggest insider sale was by the Chief Financial Officer, Cesar Sanchez, for UK£813k worth of shares, at about UK£3.25 per share. That means that an insider was selling shares at slightly below the current price (UK£4.55). 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. It is worth noting that this sale was 71% of Cesar Sanchez's holding. The only individual insider seller over the last year was Cesar Sanchez.

Over the last year, we can see that insiders have bought 14.85k shares worth UK£46k. But insiders sold 250.00k shares worth UK£813k. 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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Insider Ownership Of Atalaya Mining

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Atalaya Mining insiders have about 0.5% of the stock, worth approximately UK£3.0m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.

So What Does This Data Suggest About Atalaya Mining Insiders?

The fact that there have been no Atalaya Mining insider transactions recently certainly doesn't bother us. We don't take much encouragement from the transactions by Atalaya Mining insiders. We also note that, as far as we can see, insider ownership is fairly low, compared to other companies. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Atalaya Mining.

But note: Atalaya Mining 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.