Have Affordable Robotic & Automation Insiders Been Selling Stock?

Anyone interested in Affordable Robotic & Automation Limited (NSE:AFFORDABLE) should probably be aware that the Chairman of the Board & MD, Milind Padole, recently divested ₹40m worth of shares in the company, at an average price of ₹249 each. On the bright side, that sale was only 4.7% of their holding, so we doubt it's very meaningful, on its own.

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The Last 12 Months Of Insider Transactions At Affordable Robotic & Automation

In fact, the recent sale by Milind Padole was the biggest sale of Affordable Robotic & Automation shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of ₹243. 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.

Milind Padole ditched 218.99k shares over the year. The average price per share was ₹255. 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!

See our latest analysis for Affordable Robotic & Automation

I will like Affordable Robotic & Automation better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Affordable Robotic & Automation Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Affordable Robotic & Automation insiders own 60% of the company, worth about ₹1.6b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Affordable Robotic & Automation Tell Us?

An insider hasn't bought Affordable Robotic & Automation stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since Affordable Robotic & Automation is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 5 warning signs for Affordable Robotic & Automation (3 are significant!) and we strongly recommend you look at them before investing.

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.

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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.