This Insider Has Just Sold Shares In ADvTECH

Anyone interested in ADvTECH Limited (JSE:ADH) should probably be aware that the Chief Executive Officer of Resourcing Division, D. Honey, recently divested R4.1m worth of shares in the company, at an average price of R32.40 each. On the bright side, that sale was only 1.6% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for ADvTECH

The Last 12 Months Of Insider Transactions At ADvTECH

In the last twelve months, the biggest single purchase by an insider was when Group Commercial Director Jean-Didier Oesch bought R5.3m worth of shares at a price of R27.95 per share. We do like to see buying, but this purchase was made at well below the current price of R32.00. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 499.77k shares for R14m. But insiders sold 728.10k shares worth R19m. In total, ADvTECH insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of ADvTECH

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.4% of ADvTECH shares, worth about R429m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The ADvTECH Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, ADvTECH makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - ADvTECH has 1 warning sign we think you should be aware of.

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 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.