This Insider Has Just Sold Shares In Bright Solar Limited (NSE:BRIGHT)

We note that the Bright Solar Limited (NSE:BRIGHT) Chairman & MD, Piyushkumar Thumar, recently sold ₹1.8m worth of stock for ₹8.23 per share. However we note that the sale only shrunk their holding by 1.6%.

View our latest analysis for Bright Solar

The Last 12 Months Of Insider Transactions At Bright Solar

In fact, the recent sale by Piyushkumar Thumar was the biggest sale of Bright Solar shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of ₹7.85. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Piyushkumar Thumar sold a total of 759.00k shares over the year at an average price of ₹8.91. 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!

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

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Bright Solar insiders own about ₹114m worth of shares (which is 73% 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 Does This Data Suggest About Bright Solar Insiders?

An insider sold Bright Solar shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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. To that end, you should learn about the 7 warning signs we've spotted with Bright Solar (including 2 which are a bit unpleasant).

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

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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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