Have Insiders Sold Geojit Financial Services Shares Recently?

We note that a Geojit Financial Services Limited (NSE:GEOJITFSL) insider, Jaya Alexander, recently sold ₹5.1m worth of stock for ₹114 per share. It might not be a huge sale, but it did reduce their holding size 25%, hardly encouraging.

Check out our latest analysis for Geojit Financial Services

The Last 12 Months Of Insider Transactions At Geojit Financial Services

In fact, the recent sale by Jaya Alexander was the biggest sale of Geojit Financial Services shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of ₹113. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Geojit Financial Services 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Geojit Financial Services insiders own about ₹9.7b worth of shares (which is 36% 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.

What Might The Insider Transactions At Geojit Financial Services Tell Us?

Insiders sold Geojit Financial Services shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, Geojit Financial Services makes money, and is growing profits. 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 Geojit Financial Services. You'd be interested to know, that we found 2 warning signs for Geojit Financial Services and we suggest you have a look.

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.