This Insider Has Just Sold Shares In Netcall

We'd be surprised if Netcall plc (LON:NET) shareholders haven't noticed that the Non-Executive Chairman, Henrik Bang, recently sold UK£144k worth of stock at UK£0.90 per share. However, the silver lining is that the sale only reduced their total holding by 2.5%, so we're hesitant to read anything much into it, on its own.

View our latest analysis for Netcall

The Last 12 Months Of Insider Transactions At Netcall

In the last twelve months, the biggest single sale by an insider was when the Non-Executive Director, Michael Edward Jackson, sold UK£278k worth of shares at a price of UK£0.93 per share. So we know that an insider sold shares at around the present share price of UK£0.92. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Netcall 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Netcall

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that Netcall insiders own 6.8% of the company, worth about UK£10m. 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 Netcall Insider Transactions Indicate?

An insider sold Netcall 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 Netcall is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! 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 example - Netcall has 2 warning signs we think you should be aware of.

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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.