Have Insiders Sold Sterling and Wilson Renewable Energy Shares Recently?

Some Sterling and Wilson Renewable Energy Limited (NSE:SWSOLAR) shareholders may be a little concerned to see that the Non-Executive & Non-Independent Chairman, Khurshed Daruvala, recently sold a substantial ₹2.0b worth of stock at a price of ₹630 per share. That sale reduced their total holding by 19% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Sterling and Wilson Renewable Energy

The Last 12 Months Of Insider Transactions At Sterling and Wilson Renewable Energy

Notably, that recent sale by Khurshed Daruvala is the biggest insider sale of Sterling and Wilson Renewable Energy shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of ₹599. 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.

Sterling and Wilson Renewable Energy insiders didn't buy any shares 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Sterling and Wilson Renewable Energy Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Sterling and Wilson Renewable Energy insiders own 9.6% of the company, currently worth about ₹13b based on the recent share price. 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 Do The Sterling and Wilson Renewable Energy Insider Transactions Indicate?

Insiders haven't bought Sterling and Wilson Renewable Energy stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. For example - Sterling and Wilson Renewable Energy has 2 warning signs we think you should be aware of.

Of course Sterling and Wilson Renewable Energy 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.