Shareholders May Not Overlook MOVE Logistics Group Insiders Selling NZ$1.1m In Stock

While MOVE Logistics Group Limited (NZSE:MOV) shareholders have enjoyed a good week with stock up 20%, they need remain vigilant. In spite of the relatively cheap prices, insiders made the decision to sell NZ$1.1m worth of stock in the last 12 months. This could be a warning indicator of vulnerabilities in the future.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for MOVE Logistics Group

The Last 12 Months Of Insider Transactions At MOVE Logistics Group

The insider, Nerida Ramsay, made the biggest insider sale in the last 12 months. That single transaction was for NZ$1.1m worth of shares at a price of NZ$0.82 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is NZ$0.48. So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Nerida Ramsay.

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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of MOVE Logistics Group

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. MOVE Logistics Group insiders own about NZ$21m worth of shares. That equates to 37% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About MOVE Logistics Group Insiders?

There haven't been any insider transactions in the last three months -- that doesn't mean much. Still, the insider transactions at MOVE Logistics Group in the last 12 months are not very heartening. The modest level of insider ownership is, at least, some comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MOVE Logistics Group. To help with this, we've discovered 4 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in MOVE Logistics Group.

Of course MOVE Logistics Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.