Sameer Goel Is The MD & Executive Director of Coromandel International Limited (NSE:COROMANDEL) And They Just Sold 67% Of Their Shares

Anyone interested in Coromandel International Limited (NSE:COROMANDEL) should probably be aware that the MD & Executive Director, Sameer Goel, recently divested ₹16m worth of shares in the company, at an average price of ₹781 each. Equally important, that sale actually reduced their holding by a full 67% which hardly makes us feel bullish about the stock.

View our latest analysis for Coromandel International

Coromandel International Insider Transactions Over The Last Year

Notably, that recent sale by MD & Executive Director Sameer Goel was not the only time they sold Coromandel International shares this year. Earlier in the year, they fetched ₹822 per share in a -₹29m sale. So what is clear is that an insider saw fit to sell at around the current price of ₹786. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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.

In the last year Coromandel International 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

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).

Does Coromandel International Boast High 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. It appears that Coromandel International insiders own 0.8% of the company, worth about ₹1.8b. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Coromandel International Insider Transactions Indicate?

Insiders sold Coromandel International shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since Coromandel International is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Coromandel International. Every company has risks, and we've spotted 2 warning signs for Coromandel International you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, 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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