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Whilst it may not be a huge deal, we thought it was good to see that the Ganesha Ecosphere Limited (NSE:GANECOS) Executive Vice Chairman, Vishnu Khandelwal, recently bought ₹133k worth of stock, for ₹457 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
See our latest analysis for Ganesha Ecosphere
Ganesha Ecosphere Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Harsh Sharma bought ₹6.8m worth of shares at a price of ₹296 per share. Even though the purchase was made at a significantly lower price than the recent price (₹591), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn’t tell us much about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 383.14k shares worth ₹116m. But they sold 7.45k shares for ₹1.6m. In total, Ganesha Ecosphere insiders bought more than they sold over the last year. You can see the insider transactions (by companies and 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Ganesha Ecosphere
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 33% of Ganesha Ecosphere shares, worth about ₹4.3b. 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 Ganesha Ecosphere Insiders?
It’s certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Ganesha Ecosphere insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Ganesha Ecosphere. At Simply Wall St, we found 1 warning sign for Ganesha Ecosphere that deserve your attention before buying any shares.
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.
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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. 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.
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