Shubha Churiwal Just Sold A Bunch Of Shares In HEG Limited (NSE:HEG)

Investors may wish to note that an insider of HEG Limited, Shubha Churiwal, recently netted ₹4.6m from selling stock, receiving an average price of ₹1,161. That might not be a huge sum but it was 54% of their personal holding, so we find it a little discouraging.

Check out our latest analysis for HEG

The Last 12 Months Of Insider Transactions At HEG

In fact, the recent sale by insider Shubha Churiwal was not their only sale of HEG shares this year. Earlier in the year, they fetched ₹1,161 per share in a -₹4.6m sale. That means that an insider was selling shares at around the current price of ₹1,026. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of HEG

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. It appears that HEG insiders own 3.2% of the company, worth about ₹1.3b. 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 HEG Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, HEG makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for HEG.

But note: HEG 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.