The Chief Operating Officer of Malls of The Phoenix Mills Limited (NSE:PHOENIXLTD), Rashmi Sen, Just Sold 56% Of Their Holding

Investors may wish to note that the Chief Operating Officer of Malls of The Phoenix Mills Limited, Rashmi Sen, recently netted ₹4.1m from selling stock, receiving an average price of ₹820. While that isn't a lot of money, it was a substantial 56% of their holding, so certainly isn't a good sign.

View our latest analysis for Phoenix Mills

Phoenix Mills Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Group CFO, Pradumna Kanodia, sold ₹12m worth of shares at a price of ₹660 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of ₹814. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 59% of Pradumna Kanodia's stake.

Insiders in Phoenix Mills 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Phoenix Mills Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Phoenix Mills insiders own 4.0% of the company, worth about ₹5.6b. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Phoenix Mills Insider Transactions Indicate?

Insiders sold Phoenix Mills shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. 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. 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. At Simply Wall St, we've found that Phoenix Mills has 4 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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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