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We note that a IndusInd Bank Limited (NSE:INDUSINDBK) insider, Vikas Mangla, recently sold ₹1.4m worth of stock for ₹1,415 per share. However we note that the sale only shrunk their holding by 4.3%.
View our latest analysis for IndusInd Bank
The Last 12 Months Of Insider Transactions At IndusInd Bank
The MD, CEO & Director, Romesh Sobti, made the biggest insider sale in the last 12 months. That single transaction was for ₹157m worth of shares at a price of ₹1,575 each. So we know that an insider sold shares at around the present share price of ₹1,481. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year, we note insiders sold 1066952 shares worth ₹1.7b. In the last year IndusInd Bank insiders didn't buy any company stock. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Does IndusInd Bank 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. IndusInd Bank insiders own about ₹8.2b worth of shares (which is 0.8% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About IndusInd Bank Insiders?
Insiders sold IndusInd Bank shares recently, but they didn't buy any. And even if we look to the last year, we didn't see any purchases. But it is good to see that IndusInd Bank is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.