Have Prozone Realty Insiders Been Selling Stock?

Anyone interested in Prozone Realty Limited (NSE:PROZONER) should probably be aware that the Deputy MD & Director, Salil Chaturvedi, recently divested ₹22m worth of shares in the company, at an average price of ₹30.56 each. On the bright side, that sale was only 5.5% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for Prozone Realty

The Last 12 Months Of Insider Transactions At Prozone Realty

In fact, the recent sale by Salil Chaturvedi was the biggest sale of Prozone Realty shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of ₹30.31. While insider selling is a negative, to us, it is more negative if the shares are sold 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.

Insiders in Prozone Realty didn't buy any shares in the last year. 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!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

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. Prozone Realty insiders own about ₹1.1b worth of shares. That equates to 25% of the company. 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 Prozone Realty Tell Us?

Insiders sold Prozone Realty shares recently, but they didn't buy any. 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. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Prozone Realty and we suggest you have a look.

Of course Prozone Realty may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

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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.