Have Insiders Sold Vista Group International Shares Recently?

Some Vista Group International Limited (NZSE:VGL) shareholders may be a little concerned to see that the Founder & Executive Director, Murray Holdaway, recently sold a substantial NZ$1.6m worth of stock at a price of NZ$3.12 per share. However, that sale only accounted for 8.0% of their holding, so arguably it doesn't say much about their conviction.

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The Last 12 Months Of Insider Transactions At Vista Group International

Notably, that recent sale by Founder & Executive Director Murray Holdaway was not the only time they sold Vista Group International shares this year. They previously made an even bigger sale of -NZ$1.8m worth of shares at a price of NZ$3.60 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (NZ$3.12). So it may not shed much light on insider confidence at current levels.

Vista Group International insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Vista Group International

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Does Vista Group International Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Vista Group International insiders own 10.0% of the company, worth about NZ$74m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Vista Group International Tell Us?

An insider sold Vista Group International shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with Vista Group International and understanding it should be part of your investment process.

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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.