We note that a L&T Technology Services Limited (NSE:LTTS) insider, Kamlesh Khangani, recently sold ₹1.6m worth of stock for ₹1,606 per share. While that isn’t a lot of money, it was a whopping 66.7% of their holding, so certainly isn’t a good sign.
L&T Technology Services Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Seema Ghanekar, sold ₹18m worth of shares at a price of ₹1,707 per share. So what is clear is that an insider saw fit to sell at around the current price of ₹1,621. 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).
In the last twelve months insiders netted ₹214m for 126k shares sold. Insiders in L&T Technology Services didn’t buy any shares in the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Insider Ownership of L&T Technology Services
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Insiders own 1.6% of L&T Technology Services shares, worth about ₹2.6b. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At L&T Technology Services Tell Us?
Insiders sold stock recently, but they haven’t been buying. And even if we look to the last year, we didn’t see any purchases. But since L&T Technology Services is profitable and growing, we’re not too worried by this. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for L&T Technology Services.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
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