Have Sanlorenzo Insiders Been Selling Stock?

Some Sanlorenzo S.p.A. (BIT:SL) shareholders may be a little concerned to see that the Executive Director, Ferruccio Rossi, recently sold a substantial €2.2m worth of stock at a price of €43.07 per share. That sale reduced their total holding by 14% which is hardly insignificant, but far from the worst we've seen.

Check out our latest analysis for Sanlorenzo

Sanlorenzo Insider Transactions Over The Last Year

Notably, that recent sale by Ferruccio Rossi is the biggest insider sale of Sanlorenzo shares that we've seen in the last year. That means that even when the share price was below the current price of €44.10, an insider wanted to cash in some shares. 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. It is worth noting that this sale was only 14% of Ferruccio Rossi's holding.

Ferruccio Rossi divested 94.57k shares over the last 12 months at an average price of €42.91. 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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Does Sanlorenzo Boast High Insider Ownership?

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. Insiders own 2.0% of Sanlorenzo shares, worth about €30m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Sanlorenzo Insiders?

An insider sold Sanlorenzo shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, Sanlorenzo makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Sanlorenzo. While conducting our analysis, we found that Sanlorenzo has 1 warning sign and it would be unwise to ignore it.

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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.