Have Insiders Sold Globus Spirits Shares Recently?

We note that the Globus Spirits Limited (NSE:GLOBUSSPR) Chief Executive Officer of Consumer Division, Paramjit Gill, recently sold ₹4.4m worth of stock for ₹799 per share. However we note that the sale only shrunk their holding by 9.6%.

Check out our latest analysis for Globus Spirits

The Last 12 Months Of Insider Transactions At Globus Spirits

In fact, the recent sale by Paramjit Gill was the biggest sale of Globus Spirits shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of ₹785. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

The chart below shows insider transactions (by companies and individuals) over the last year. 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 Globus Spirits

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. Our information indicates that Globus Spirits insiders own about ₹66m worth of shares. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. This level of insider ownership is notably low, and not very encouraging.

So What Does This Data Suggest About Globus Spirits Insiders?

An insider hasn't bought Globus Spirits 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. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Globus Spirits. Case in point: We've spotted 3 warning signs for Globus Spirits you should be aware of.

But note: Globus Spirits may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

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