Insiders At Zaggle Prepaid Ocean Services Sold ₹44m In Stock, Alluding To Potential Weakness

A number of Zaggle Prepaid Ocean Services Limited (NSE:ZAGGLE) insiders sold their shares in the last year, which may have raised concerns among investors. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Saurabh Puri, sold ₹17m worth of shares at a price of ₹344 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of ₹308. So it may not shed much light on insider confidence at current levels.

In total, Zaggle Prepaid Ocean Services insiders sold more than they bought over the last year. 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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insiders At Zaggle Prepaid Ocean Services Have Sold Stock Recently

Over the last three months, we've seen notably more insider selling, than insider buying, at Zaggle Prepaid Ocean Services. In total, insiders sold ₹44m worth of shares in that time. Meanwhile insider Kartikeya Pasumarti bought ₹2.9m worth , as we said above . Generally this level of net selling might be considered a bit bearish.

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Zaggle Prepaid Ocean Services insiders own 49% of the company, currently worth about ₹18b 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.

What Might The Insider Transactions At Zaggle Prepaid Ocean Services Tell Us?

The stark truth for Zaggle Prepaid Ocean Services is that there has been more insider selling than insider buying in the last three months. Zooming out, the longer term picture doesn't give us much comfort. 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. To help with this, we've discovered 6 warning signs (3 are significant!) that you ought to be aware of before buying any shares in Zaggle Prepaid Ocean Services.

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.