Have Insiders Sold Eni Shares Recently?

We wouldn't blame Eni S.p.A. (BIT:ENI) shareholders if they were a little worried about the fact that Claudio Descalzi, the CEO, GM & Director recently netted about €1.2m selling shares at an average price of €13.96. That's a big disposal, and it decreased their holding size by 14%, which is notable but not too bad.

See our latest analysis for Eni

Eni Insider Transactions Over The Last Year

Notably, that recent sale by Claudio Descalzi is the biggest insider sale of Eni shares that we've seen in the last year. That means that an insider was selling shares at below the current price (€14.09). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. 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. This single sale was just 14% of Claudio Descalzi's stake.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Eni

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. We usually like to see fairly high levels of insider ownership. Insiders own 0.01% of Eni shares, worth about €6.0m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Eni Tell Us?

An insider sold Eni shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we'd only buy after very careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Eni. Every company has risks, and we've spotted 3 warning signs for Eni you should know about.

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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.