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We note that the APL Apollo Tubes Limited (NSE:APLAPOLLO) Chief Financial Officer, Deepak Goyal, recently sold ₹4.7m worth of stock for ₹1,375 per share. It might not be a huge sale, but it did reduce their holding size 46%, hardly encouraging.
View our latest analysis for APL Apollo Tubes
The Last 12 Months Of Insider Transactions At APL Apollo Tubes
The insider, Veera Gupta, made the biggest insider sale in the last 12 months. That single transaction was for ₹242m worth of shares at a price of ₹1,511 each. That means that an insider was selling shares at around the current price of ₹1,381. 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.
We note that in the last year insiders divested 164588 shares for a total of ₹248m. In the last year APL Apollo Tubes 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that APL Apollo Tubes insiders own 5.2% of the company, worth about ₹1.7b. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About APL Apollo Tubes Insiders?
An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for APL Apollo Tubes.
But note: APL Apollo Tubes 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.
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.