Have Papoutsanis Insiders Been Selling Stock?

Anyone interested in Papoutsanis S.A. (ATH:PAP) should probably be aware that the Executive Chairman, Georgios Gatzaros, recently divested €149k worth of shares in the company, at an average price of €3.00 each. However, the silver lining is that the sale only reduced their total holding by 0.8%, so we're hesitant to read anything much into it, on its own.

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The Last 12 Months Of Insider Transactions At Papoutsanis

Notably, that recent sale by Georgios Gatzaros is the biggest insider sale of Papoutsanis shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of €2.93. 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.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Papoutsanis

I will like Papoutsanis better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Papoutsanis

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. Papoutsanis insiders own about €37m worth of shares (which is 47% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Papoutsanis Tell Us?

Our data shows a little more insider selling than buying in the last three months. But the difference isn't enough to have us worried. It's great to see high levels of insider ownership, but looking back over the last year, we'd need to see more buying to gain confidence from the Papoutsanis insider transactions. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 3 warning signs with Papoutsanis and understanding these should be part of your investment process.

Of course Papoutsanis may not be the best stock to buy. So you may wish to see this free collection of high quality 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.