Stock Analysis

This Insider Has Just Sold Shares In Sasken Technologies Limited (NSE:SASKEN)

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We note that a Sasken Technologies Limited (NSE:SASKEN) insider, Jeetendra Nagpal, recently sold ₹3.6m worth of stock for ₹817 per share. That might not be a huge sum but it was 100% of their personal holding, so we find it a little discouraging.

See our latest analysis for Sasken Technologies

The Last 12 Months Of Insider Transactions At Sasken Technologies

In the last twelve months, the biggest single purchase by an insider was when insider Arti Mody bought ₹16m worth of shares at a price of ₹833 per share. That means that an insider was happy to buy shares at above the current price of ₹804. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months insiders purchased 49.85k shares for ₹41m. On the other hand they divested 19.64k shares, for ₹18m. In the last twelve months there was more buying than selling by Sasken Technologies insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NSEI:SASKEN Insider Trading Volume March 17th 2023

Sasken Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

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. Sasken Technologies insiders own 43% of the company, currently worth about ₹5.2b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Sasken Technologies Insider Transactions Indicate?

An insider sold Sasken Technologies shares recently, but they didn't buy any. But we take heart from prior transactions. We are also comforted by the high levels of insider ownership. So the recent selling doesn't worry us. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Sasken Technologies.

But note: Sasken Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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