Anil Sureka Is The Chief Financial Officer of Archidply Industries Limited (NSE:ARCHIDPLY) And They Just Sold 99% Of Their Shares

We note that the Archidply Industries Limited (NSE:ARCHIDPLY) Chief Financial Officer, Anil Sureka, recently sold ₹282k worth of stock for ₹71.50 per share. While that isn't a lot of money, it was a substantial 99% of their holding, so certainly isn't a good sign.

See our latest analysis for Archidply Industries

Archidply Industries Insider Transactions Over The Last Year

In fact, the recent sale by Anil Sureka was the biggest sale of Archidply Industries shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of ₹67.30. While insider selling is a negative, to us, it is more negative if the shares are sold 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).

Over the last year, we can see that insiders have bought 1.75k shares worth ₹74k. But they sold 6.90k shares for ₹493k. Over the last year we saw more insider selling of Archidply Industries shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Archidply Industries

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. 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 appears that Archidply Industries insiders own 16% of the company, worth about ₹220m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Archidply Industries Insiders?

Insiders sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Archidply Industries makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 3 warning signs for Archidply Industries that deserve your attention before buying any shares.

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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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.