The Chief Executive Officer of Pipe Vertical of Welspun Corp Limited (NSE:WELCORP), Godfrey John, Just Sold 100% Of Their Holding

Investors may wish to note that the Chief Executive Officer of Pipe Vertical of Welspun Corp Limited, Godfrey John, recently netted ₹1.6m from selling stock, receiving an average price of ₹230. That might not be a huge sum but it was 100% of their personal holding, so we find it a little discouraging.

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Welspun Insider Transactions Over The Last Year

Notably, that recent sale by Godfrey John is the biggest insider sale of Welspun shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of ₹229. While we don't usually like to see insider selling, it's more concerning if the sales take place 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.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Welspun insiders own 2.3% of the company, worth about ₹1.4b. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Welspun Tell Us?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. It is good to see high insider ownership, but the insider selling leaves us cautious. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Welspun has 3 warning signs and it would be unwise to ignore them.

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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.