Don't Ignore The Fact That This Insider Just Sold Some Shares In OnMobile Global Limited (NSE:ONMOBILE)

We note that a OnMobile Global Limited (NSE:ONMOBILE) insider, Bikram Sherawat, recently sold ₹2.0m worth of stock for ₹68.05 per share. It wasn't a huge sale, but it did reduce their holding by 42%. This does not instill confidence.

View our latest analysis for OnMobile Global

OnMobile Global Insider Transactions Over The Last Year

Notably, that recent sale by Bikram Sherawat is the biggest insider sale of OnMobile Global shares that we've seen in the last year. That means that an insider was selling shares at around the current price of ₹64.25. 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 the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like OnMobile Global better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does OnMobile Global Boast High 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. From looking at our data, insiders own ₹217m worth of OnMobile Global stock, about 3.1% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At OnMobile Global Tell Us?

An insider hasn't bought OnMobile Global stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, OnMobile Global makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. Every company has risks, and we've spotted 5 warning signs for OnMobile Global you should know about.

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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