Non-Executive Non-Independent Director Of Vista Group International Sold 29% Of Their Shares

Anyone interested in Vista Group International Limited (NZSE:VGL) should probably be aware that the Non-Executive Non-Independent Director, Kirk Senior, recently divested NZ$395k worth of shares in the company, at an average price of NZ$1.58 each. That sale was 29% of their holding, so it does make us raise an eyebrow.

View our latest analysis for Vista Group International

Vista Group International Insider Transactions Over The Last Year

Notably, that recent sale by Kirk Senior is the biggest insider sale of Vista Group International shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (NZ$1.62). 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 29%of Kirk Senior's holding.

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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Vista Group International

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. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own NZ$7.7m worth of Vista Group International stock, about 2.0% of the company. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About Vista Group International Insiders?

An insider sold stock recently, but they haven't been buying. 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're not rushing to buy, to say the least. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Vista Group International has 1 warning sign and it would be unwise to ignore this.

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 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.