Trade Alert: The MD & Executive Director Of Ellaktor S.A. (ATH:ELLAKTOR), Anastassios Kallitsantsis, Has Sold Some Shares Recently

We wouldn't blame Ellaktor S.A. (ATH:ELLAKTOR) shareholders if they were a little worried about the fact that Anastassios Kallitsantsis, the MD & Executive Director recently netted about €2.9m selling shares at an average price of €1.69. Probably the most concerning element of the whole transaction is that the disposal amounted to 95% of their entire holding.

See our latest analysis for Ellaktor

The Last 12 Months Of Insider Transactions At Ellaktor

In fact, the recent sale by Anastassios Kallitsantsis was the biggest sale of Ellaktor 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 €1.53. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Ellaktor 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 Ellaktor

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Ellaktor insiders own about €44m worth of shares. That equates to 13% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Ellaktor Tell Us?

An insider hasn't bought Ellaktor stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own shares, they don't own a heap, and they have been selling. 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. Our analysis shows 3 warning signs for Ellaktor (1 is potentially serious!) and we strongly recommend you look at them before investing.

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.

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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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