Have Insiders Sold TCI Express Limited (NSE:TCIEXP) Shares Recently?

We note that the TCI Express Limited (NSE:TCIEXP) Non-Executive Director, Phool Sharma, recently sold ₹2.9m worth of stock for ₹926 per share. However we note that the sale only shrunk their holding by 6.1%.

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The Last 12 Months Of Insider Transactions At TCI Express

Notably, that recent sale by Non-Executive Director Phool Sharma was not the only time they sold TCI Express shares this year. Earlier in the year, they fetched ₹583 per share in a -₹9.6m sale. That means that an insider was selling shares at slightly below the current price (₹915). 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. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was 51% of Phool Sharma's holding.

Over the last year we saw more insider selling of TCI Express shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership of TCI Express

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. TCI Express insiders own 27% of the company, currently worth about ₹9.7b based on the recent share price. 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 TCI Express Tell Us?

Insiders haven't bought TCI Express stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TCI Express. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of TCI Express.

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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