This Insider Has Just Sold Shares In UP Global Sourcing Holdings plc (LON:UPGS)

We'd be surprised if UP Global Sourcing Holdings plc (LON:UPGS) shareholders haven't noticed that an insider, Duncan Singleton, recently sold UK£275k worth of stock at UK£1.38 per share. That sale was 49% of their holding, so it does make us raise an eyebrow.

See our latest analysis for UP Global Sourcing Holdings

The Last 12 Months Of Insider Transactions At UP Global Sourcing Holdings

In fact, the recent sale by Duncan Singleton was the biggest sale of UP Global Sourcing Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even below the current price of UK£1.41. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 49% of Duncan Singleton's holding.

UP Global Sourcing Holdings insiders didn't buy any shares over the last year. 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!

I will like UP Global Sourcing Holdings better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does UP Global Sourcing Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that UP Global Sourcing Holdings insiders own 46% of the company, worth about UK£49m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At UP Global Sourcing Holdings Tell Us?

Insiders sold UP Global Sourcing Holdings shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that UP Global Sourcing Holdings 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 UP Global Sourcing Holdings. At Simply Wall St, we found 3 warning signs for UP Global Sourcing Holdings that deserve your attention before buying any shares.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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