The Group Executive Chairman of Ideagen plc (LON:IDEA), David R. Hornsby, Just Sold 25% Of Their Holding

We wouldn't blame Ideagen plc (LON:IDEA) shareholders if they were a little worried about the fact that David R. Hornsby, the Group Executive Chairman recently netted about UK£7.5m selling shares at an average price of UK£2.89. That's a big disposal, and it decreased their holding size by 25%, which is notable but not too bad.

See our latest analysis for Ideagen

Ideagen Insider Transactions Over The Last Year

Notably, that recent sale by David R. Hornsby is the biggest insider sale of Ideagen shares that we've seen in the last year. That means that even when the share price was slightly below the current price of UK£2.90, an insider wanted to cash in some shares. 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 25% of David R. Hornsby's holding.

Insiders in Ideagen didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does Ideagen Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Ideagen insiders own about UK£50m worth of shares. That equates to 6.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Ideagen Insiders?

An insider sold Ideagen shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! While we like knowing 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. Case in point: We've spotted 6 warning signs for Ideagen 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, but not derivative transactions.

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