Insiders In Salasar Exteriors And Contour Left Out From 15% Price Rise After Disposing Stock

Last week, Salasar Exteriors And Contour Limited's (NSE:SECL) stock jumped 15%, but insiders who sold ₹24m worth of stock in over the past year are likely to be in a better position. Selling at an average price of ₹24.84, which is higher than the current price, may have been the wisest decision for these insiders as their investment would have been worth less now than when they sold.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Salasar Exteriors And Contour

Salasar Exteriors And Contour Insider Transactions Over The Last Year

The MD & Director, Shreekishan Joshi, made the biggest insider sale in the last 12 months. That single transaction was for ₹11m worth of shares at a price of ₹22.90 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (₹19.80). So it may not shed much light on insider confidence at current levels. Shreekishan Joshi was the only individual insider to sell over the last year.

Shreekishan Joshi divested 950.00k shares over the last 12 months at an average price of ₹24.84. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Salasar Exteriors And Contour better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Salasar Exteriors And Contour

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Salasar Exteriors And Contour insiders own 66% of the company, currently worth about ₹1.3b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Salasar Exteriors And Contour Tell Us?

The fact that there have been no Salasar Exteriors And Contour insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Salasar Exteriors And Contour insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Salasar Exteriors And Contour. Our analysis shows 5 warning signs for Salasar Exteriors And Contour (1 is potentially serious!) and we strongly recommend you look at these before investing.

Of course Salasar Exteriors And Contour 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.