Member of the Supervisory Board J. C. Willemse Just Sold A Bunch Of Shares In Basic-Fit N.V. (AMS:BFIT)

We'd be surprised if Basic-Fit N.V. (AMS:BFIT) shareholders haven't noticed that the Member of the Supervisory Board, J. C. Willemse, recently sold €104k worth of stock at €3.25 per share. The eyebrow raising move amounted to a reduction of 44% in their holding.

View our latest analysis for Basic-Fit

The Last 12 Months Of Insider Transactions At Basic-Fit

Notably, that recent sale by J. C. Willemse is the biggest insider sale of Basic-Fit shares that we've seen in the last year. That means that even when the share price was below the current price of €30.85, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 44% of J. C. Willemse's holding.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Basic-Fit better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by 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. From our data, it seems that Basic-Fit insiders own 0.3% of the company, worth about €4.9m. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Basic-Fit Insiders?

An insider hasn't bought Basic-Fit stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. 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 Basic-Fit. Every company has risks, and we've spotted 3 warning signs for Basic-Fit you should know about.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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