Investors may wish to note that an insider of Edelweiss Financial Services Limited, Nilesh Sampat, recently netted ₹2.6m from selling stock, receiving an average price of ₹105. However we note that the sale only shrunk their holding by 5.9%.
Edelweiss Financial Services Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Non-Executive Non-Independent Director, Vidya Shah, sold ₹388m worth of shares at a price of ₹194 per share. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of ₹110. So it may not tell us anything about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid ₹10m for 60000 shares. On the other hand they divested 5.2m shares, for ₹1.0b. Over the last year we saw more insider selling of Edelweiss Financial Services shares, than buying. You can see a visual depiction of insider transactions (by 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!
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. It’s great to see that Edelweiss Financial Services insiders own 40% of the company, worth about ₹39b. 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 Edelweiss Financial Services Insider Transactions Indicate?
Insiders sold Edelweiss Financial Services shares recently, but they didn’t buy any. And our longer term analysis of insider transactions didn’t bring confidence, either. It is good to see high insider ownership, but the insider selling leaves us cautious. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Edelweiss Financial 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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If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.