Don't Ignore The Fact That This Insider Just Sold Some Shares In Shree Digvijay Cement Company Ltd. (NSE:SHREDIGCEM)

Investors may wish to note that the VP of Legal of Shree Digvijay Cement Company Ltd., Suresh Meher, recently netted ₹444k from selling stock, receiving an average price of ₹72.82. However we note that the sale only shrunk their holding by 9.2%.

If you're not interested in researching SHREDIGCEM's insider transactions, we have a free list of interesting investing ideas to potentially inspire your next investment!

The Last 12 Months Of Insider Transactions At Shree Digvijay Cement

In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, Anil Singhvi, sold ₹24m worth of shares at a price of ₹74.12 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of ₹66.75. So it is hard to draw any strong conclusion from it.

Insiders in Shree Digvijay Cement didn't buy any shares in the last year. 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

For a common shareholder, it is worth checking how many shares are held by company 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 data indicates that Shree Digvijay Cement insiders own about ₹450m worth of shares (which is 4.7% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Shree Digvijay Cement Insiders?

Insiders sold Shree Digvijay Cement shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. 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. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 3 warning signs (1 shouldn't be ignored!) that you ought to be aware of before buying any shares in Shree Digvijay Cement.

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.