Have Insiders Sold Matrimony.com Limited (NSE:MATRIMONY) Shares Recently?

We'd be surprised if Matrimony.com Limited (NSE:MATRIMONY) shareholders haven't noticed that an insider, Saichithra Swaminathan, recently sold ₹9.7m worth of stock at ₹1,145 per share. The eyebrow raising move amounted to a reduction of 28% in their holding.

View our latest analysis for Matrimony.com

The Last 12 Months Of Insider Transactions At Matrimony.com

In fact, the recent sale by insider Saichithra Swaminathan was not their only sale of Matrimony.com shares this year. Earlier in the year, they fetched ₹931 per share in a -₹13m sale. That means that an insider was selling shares at slightly below the current price (₹1,102). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. 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 26%of Saichithra Swaminathan's holding.

Saichithra Swaminathan divested 37.53k shares over the last 12 months at an average price of ₹933. 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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Matrimony.com

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's great to see that Matrimony.com insiders own 51% of the company, worth about ₹13b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Matrimony.com Insiders?

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. But it is good to see that Matrimony.com 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. 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. For example - Matrimony.com has 2 warning signs we think you should be aware of.

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. 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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