Have Page Industries Insiders Been Selling Stock?

We wouldn't blame Page Industries Limited (NSE:PAGEIND) shareholders if they were a little worried about the fact that Sunder Genomal, the Founder & Non-Executive Chairman recently netted about ₹553m selling shares at an average price of ₹43,018. However, that sale only accounted for 0.9% of their holding, so arguably it doesn't say much about their conviction.

Check out our latest analysis for Page Industries

Page Industries Insider Transactions Over The Last Year

Notably, that recent sale by Sunder Genomal is the biggest insider sale of Page Industries shares that we've seen in the last year. That means that an insider was selling shares at around the current price of ₹41,920. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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 year Page Industries insiders didn't buy any company stock. 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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Insider Ownership Of Page Industries

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Page Industries insiders own about ₹211b worth of shares (which is 45% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Page Industries Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But it is good to see that Page Industries is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Page Industries. While conducting our analysis, we found that Page Industries has 2 warning signs and it would be unwise to ignore them.

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.