Investors may wish to note that the Head of Corporate Planning & Strategy of Stove Kraft Limited, N. Venkitesh, recently netted ₹3.1m from selling stock, receiving an average price of ₹537. However we note that the sale only shrunk their holding by 4.3%.
See our latest analysis for Stove Kraft
Stove Kraft Insider Transactions Over The Last Year
The MD & Executive Director Rajendra Gandhi made the biggest insider purchase in the last 12 months. That single transaction was for ₹500m worth of shares at a price of ₹645 each. That means that an insider was happy to buy shares at above the current price of ₹552. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Rajendra Gandhi was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Stove Kraft
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. We usually like to see fairly high levels of insider ownership. Stove Kraft insiders own 58% of the company, currently worth about ₹11b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Stove Kraft Insider Transactions Indicate?
Insiders sold stock recently, but they haven’t been buying. On the other hand, the insider transactions over the last year are encouraging. And insider ownership remains quite considerable. So we’re not too bothered by recent selling. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. To help with this, we’ve discovered 4 warning signs (1 shouldn’t be ignored!) that you ought to be aware of before buying any shares in Stove Kraft.
But note: Stove Kraft 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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.