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We note that a InterGlobe Aviation Limited (NSE:INDIGO) insider, Vineet Mittal, recently sold ₹2.6m worth of stock for ₹1,751 per share. On the bright side, that's just a small sale and only reduced their holding by 3.6%.
Check out our latest analysis for InterGlobe Aviation
InterGlobe Aviation Insider Transactions Over The Last Year
The insider, Summi Sharma, made the biggest insider sale in the last 12 months. That single transaction was for ₹42m worth of shares at a price of ₹1,736 each. That means that an insider was selling shares at slightly below the current price (₹1,852). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 37% of Summi Sharma's holding.
In the last twelve months insiders netted ₹234m for 148736 shares sold. Insiders in InterGlobe Aviation didn't buy any shares in the last year. 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!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. InterGlobe Aviation insiders own 24% of the company, currently worth about ₹171b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At InterGlobe Aviation Tell Us?
Insiders haven't bought InterGlobe Aviation stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for InterGlobe Aviation.
But note: InterGlobe Aviation may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.