Have Agarwal Float Glass India Insiders Been Selling Stock?

Anyone interested in Agarwal Float Glass India Limited (NSE:AGARWALFT) should probably be aware that the MD & Chairman, Uma Shankar Agarwal, recently divested ₹9.9m worth of shares in the company, at an average price of ₹94.15 each. On the bright side, that sale was only 2.5% of their holding, so we doubt it's very meaningful, on its own.

Check out our latest analysis for Agarwal Float Glass India

The Last 12 Months Of Insider Transactions At Agarwal Float Glass India

Notably, that recent sale by Uma Shankar Agarwal is the biggest insider sale of Agarwal Float Glass India shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (₹99.65). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 2.5% of Uma Shankar Agarwal's holding.

Uma Shankar Agarwal sold a total of 885.00k shares over the year at an average price of ₹71.66. 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!

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Does Agarwal Float Glass India Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Agarwal Float Glass India insiders own 59% of the company, currently worth about ₹426m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Agarwal Float Glass India Insiders?

An insider hasn't bought Agarwal Float Glass India stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Agarwal Float Glass India. Every company has risks, and we've spotted 4 warning signs for Agarwal Float Glass India (of which 2 can't be ignored!) you should know about.

Of course Agarwal Float Glass India 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.