Investors may wish to note that an insider of Greaves Cotton Limited, Sunil Shahi, recently netted ₹3.1m from selling stock, receiving an average price of ₹154. While that isn't a lot of money, it was a substantial 53% of their holding, so certainly isn't a good sign.
The Last 12 Months Of Insider Transactions At Greaves Cotton
There wasn't any very large single transaction over the last year, but we can still observe some trading.
In the last twelve months insiders purchased 60.00k shares for ₹5.1m. But they sold 20.00k shares for ₹3.1m. In total, Greaves Cotton insiders bought more than they sold over the last year. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Greaves Cotton
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Greaves Cotton insiders own about ₹1.2b worth of shares. That equates to 3.5% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Greaves Cotton Insider Transactions Indicate?
An insider sold Greaves Cotton shares recently, but they didn't buy any. But we take heart from prior transactions. We are also comforted by the high levels of insider ownership. So we're not too bothered by recent selling. 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 assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Greaves Cotton.
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.
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.
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