Don't Ignore The Fact That This Insider Just Sold Some Shares In Angel Broking Limited (NSE:ANGELBRKG)

By
Simply Wall St
Published
May 16, 2021
NSEI:ANGELBRKG

Some Angel Broking Limited (NSE:ANGELBRKG) shareholders may be a little concerned to see that insider Juhi Agrawal recently sold a substantial ₹61m worth of stock at a price of ₹677 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 90% of their entire holding.

Check out our latest analysis for Angel Broking

Angel Broking Insider Transactions Over The Last Year

Notably, that recent sale by Juhi Agrawal is the biggest insider sale of Angel Broking shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of ₹659. While we don't usually like to see insider selling, it's more concerning if the sales take place 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).

Angel Broking 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NSEI:ANGELBRKG Insider Trading Volume May 17th 2021

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Angel Broking insiders own 61% of the company, worth about ₹33b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Angel Broking Tell Us?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. On the plus side, Angel Broking makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Angel Broking. For example, Angel Broking has 5 warning signs (and 2 which are potentially serious) we think you should know about.

Of course Angel Broking 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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