We wouldn't blame ICICI Bank Limited (NSE:ICICIBANK) shareholders if they were a little worried about the fact that Sandeep Bakhshi, the MD, CEO & Executive Director recently netted about ₹67m selling shares at an average price of ₹445. That sale reduced their total holding by 39% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for ICICI Bank

ICICI Bank Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Vsaudeva Konda, for ₹161m worth of shares, at about ₹4,225 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 silver lining is that this sell-down took place above the latest price (₹452). So it is hard to draw any strong conclusion from it.

Happily, we note that in the last year insiders paid ₹16m for 47650 shares. But insiders sold 4693084 shares worth ₹2.1b. In total, ICICI Bank insiders sold more than they bought over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership of ICICI Bank

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. ICICI Bank insiders own about ₹5.4b worth of shares. That equates to 0.2% of the company. 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 Does This Data Suggest About ICICI Bank Insiders?

Unfortunately, there has been more insider selling of ICICI Bank stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. 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.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.