Have Insiders Sold Updater Services Shares Recently?

Investors may wish to note that an insider of Updater Services Limited, Samir Trivedi, recently netted ₹5.3m from selling stock, receiving an average price of ₹356. It wasn't a huge sale, but it did reduce their holding by 21%. This does not instill confidence.

View our latest analysis for Updater Services

Updater Services Insider Transactions Over The Last Year

The Founder Raghunandana Tangirala made the biggest insider purchase in the last 12 months. That single transaction was for ₹22m worth of shares at a price of ₹345 each. That means that an insider was happy to buy shares at around the current price of ₹363. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Updater Services share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Raghunandana Tangirala.

Raghunandana Tangirala bought a total of 194.06k shares over the year at an average price of ₹299. You can see a visual depiction of insider transactions (by companies and 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!

Updater Services is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Updater Services

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Updater Services insiders own about ₹13b worth of shares (which is 52% of the company). 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 Does This Data Suggest About Updater Services Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Updater Services. That's what I like to see! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Updater 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 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.