Have 360 One Wam Insiders Been Selling Stock?

We'd be surprised if 360 One Wam Limited (NSE:360ONE) shareholders haven't noticed that an insider, Shaji Devakar, recently sold ₹42m worth of stock at ₹964 per share. On the bright side, that sale was only 9.0% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for 360 One Wam

360 One Wam Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Nirmal Jain, sold ₹1.6b worth of shares at a price of ₹800 per share. That means that even when the share price was below the current price of ₹933, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 10% of Nirmal Jain's holding.

Over the last year, we can see that insiders have bought 11.00k shares worth ₹11m. On the other hand they divested 10.26m shares, for ₹9.3b. All up, insiders sold more shares in 360 One Wam than they bought, over the last year. 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!

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Does 360 One Wam Boast High Insider Ownership?

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. It's great to see that 360 One Wam insiders own 12% of the company, worth about ₹45b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About 360 One Wam Insiders?

Insiders haven't bought 360 One Wam stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But it is good to see that 360 One Wam is growing earnings. 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. When we did our research, we found 2 warning signs for 360 One Wam (1 is concerning!) that we believe deserve your full attention.

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.