Jinbing Zhang Is The Non-Executive Co-Chairman of Apollo Future Mobility Group Limited (HKG:860) And They Just Sold 89% Of Their Shares

We'd be surprised if Apollo Future Mobility Group Limited (HKG:860) shareholders haven't noticed that the Non-Executive Co-Chairman, Jinbing Zhang, recently sold HK$1.7m worth of stock at HK$0.77 per share. Equally important, that sale actually reduced their holding by a full 89% which hardly makes us feel bullish about the stock.

See our latest analysis for Apollo Future Mobility Group

Apollo Future Mobility Group Insider Transactions Over The Last Year

The insider Hoi Shuen Chau made the biggest insider purchase in the last 12 months. That single transaction was for HK$34m worth of shares at a price of HK$0.34 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of HK$0.74. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Happily, we note that in the last year insiders paid HK$85m for 237.48m shares. But insiders sold 3.79m shares worth HK$3.0m. Overall, Apollo Future Mobility Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Apollo Future Mobility Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Apollo Future Mobility Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Apollo Future Mobility Group insiders own about HK$1.9b worth of shares (which is 35% 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.

So What Do The Apollo Future Mobility Group Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. On the other hand, the insider transactions over the last year are encouraging. On top of that, insiders own a significant portion of the company. So we're happy to look past recent trading. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Apollo Future Mobility Group has 4 warning signs (and 1 which is significant) we think you should know about.

Of course Apollo Future Mobility Group 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, 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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