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Investors may wish to note that an insider of Mahindra Logistics Limited, Lovinder Saggu, recently netted ₹1.6m from selling stock, receiving an average price of ₹369. It wasn't a huge sale, but it did reduce their holding by 46%. This does not instill confidence.
View our latest analysis for Mahindra Logistics
Mahindra Logistics Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Senior General Manager, Ravi Begur, sold ₹13m worth of shares at a price of ₹507 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of ₹371. So it may not tell us anything about how insiders feel about the current share price.
We note that in the last year insiders divested 101979 shares for a total of ₹51m. In the last year Mahindra Logistics insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Mahindra Logistics Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Mahindra Logistics insiders own about ₹585m worth of shares (which is 2.2% of the company). We do generally prefer see higher levels of insider ownership.
So What Do The Mahindra Logistics Insider Transactions Indicate?
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. But since Mahindra Logistics is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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 Mahindra Logistics may not be the best stock to buy. So you may wish to see this free collection of high quality companies.