Stock Analysis

Maxwell Cawthra Is The CFO, Company Secretary & Executive Director of Tracsis plc (LON:TRCS) And They Just Sold 45% Of Their Shares

  •  Updated
Source: Shutterstock

Some Tracsis plc (LON:TRCS) shareholders may be a little concerned to see that the CFO, Company Secretary & Executive Director, Maxwell Cawthra, recently sold a substantial UK£479k worth of stock at a price of UK£6.39 per share. That's a big disposal, and it decreased their holding size by 45%, which is notable but not too bad.

View our latest analysis for Tracsis

The Last 12 Months Of Insider Transactions At Tracsis

In fact, the recent sale by Maxwell Cawthra was the biggest sale of Tracsis shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of UK£6.35. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

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!

AIM:TRCS Insider Trading Volume December 17th 2020

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

Insider Ownership of Tracsis

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Based on our data, Tracsis insiders have about 0.6% of the stock, worth approximately UK£1.1m. We consider this fairly low insider ownership.

So What Do The Tracsis Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. When you consider that most companies have higher levels of insider ownership, we're a little wary. We'd certainly practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tracsis. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Tracsis.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.

If you’re looking to trade Tracsis, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

Valuation is complex, but we're helping make it simple.

Find out whether Tracsis is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis