Executive Director Emmanuel Moustakas Sold A Bunch Of Shares In Gek Terna

Some Gek Terna S.A. (ATH:GEKTERNA) shareholders may be a little concerned to see that the Executive Director, Emmanuel Moustakas, recently sold a substantial €830k worth of stock at a price of €16.60 per share. That sale reduced their total holding by 33% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Gek Terna

Gek Terna Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Executive Vice Chairman Michael Gourzis bought €2.6m worth of shares at a price of €13.18 per share. We do like to see buying, but this purchase was made at well below the current price of €16.40. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 243.60k shares for €3.2m. But they sold 308.00k shares for €4.4m. All up, insiders sold more shares in Gek Terna than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Gek Terna

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Gek Terna insiders own 36% of the company, currently worth about €553m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Gek Terna Insiders?

Insiders sold Gek Terna shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Gek Terna is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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, Gek Terna has 2 warning signs (and 1 which is potentially serious) we think you should know about.

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 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com