Don't Ignore The Insider Selling In Davide Campari-Milano
We wouldn't blame Davide Campari-Milano N.V. (BIT:CPR) shareholders if they were a little worried about the fact that Luca Garavoglia, the Non-Executive Chairman recently netted about €11m selling shares at an average price of €6.02. However, that sale only accounted for 0.3% of their holding, so arguably it doesn't say much about their conviction.
Davide Campari-Milano Insider Transactions Over The Last Year
Notably, that recent sale by Luca Garavoglia is the biggest insider sale of Davide Campari-Milano shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of €5.85. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Davide Campari-Milano
I will like Davide Campari-Milano better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership Of Davide Campari-Milano
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.1% of Davide Campari-Milano shares, worth about €7.4m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Davide Campari-Milano Insider Transactions Indicate?
An insider hasn't bought Davide Campari-Milano stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we'd only buy after very careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Davide Campari-Milano. For example - Davide Campari-Milano has 4 warning signs we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.