Have Time Technoplast Insiders Been Selling Stock?

We'd be surprised if Time Technoplast Limited (NSE:TIMETECHNO) shareholders haven't noticed that the Operation & Technical Director and Whole Time Director, Naveen Mahendra Jain, recently sold ₹19m worth of stock at ₹299 per share. On the bright side, that sale was only 1.4% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Time Technoplast

The Last 12 Months Of Insider Transactions At Time Technoplast

In fact, the recent sale by Naveen Mahendra Jain was the biggest sale of Time Technoplast shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (₹331). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 1.4% of Naveen Mahendra Jain's holding.

Time Technoplast insiders didn't buy any shares over 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!

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Time Technoplast insiders own 7.9% of the company, worth about ₹5.9b. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Time Technoplast Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Time Technoplast is growing earnings. 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 Time Technoplast. At Simply Wall St, we found 3 warning signs for Time Technoplast 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com