Have Insiders Sold Terna Energy Societe Anonyme Commercial Technical Company (ATH:TENERGY) Shares Recently?

Some Terna Energy Societe Anonyme Commercial Technical Company (ATH:TENERGY) shareholders may be a little concerned to see that the Chairman of the Board, Goergios Peristeris, recently sold a substantial €27m worth of stock at a price of €12.28 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 8.6%.

View our latest analysis for Terna Energy Societe Anonyme Commercial Technical

Terna Energy Societe Anonyme Commercial Technical Insider Transactions Over The Last Year

Notably, that recent sale by Goergios Peristeris is the biggest insider sale of Terna Energy Societe Anonyme Commercial Technical shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (€12.86). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 8.6%of Goergios Peristeris's holding.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Terna Energy Societe Anonyme Commercial Technical insiders own about €316m worth of shares (which is 22% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Terna Energy Societe Anonyme Commercial Technical Tell Us?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But it is good to see that Terna Energy Societe Anonyme Commercial Technical is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 4 warning signs for Terna Energy Societe Anonyme Commercial Technical (1 is a bit concerning!) and we strongly recommend you look at these before investing.

But note: Terna Energy Societe Anonyme Commercial Technical may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 Terna Energy Societe Anonyme Commercial Technical, 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

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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

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