ActivePort Group Drops To AU$0.013, Yet Insiders May Have Sold Too Early
Even though ActivePort Group Ltd (ASX:ATV) has fallen by 10% over the past week , insiders who sold AU$594k worth of stock over the past year have had less luck. Given that the average selling price of AU$0.019 is still lower than the current share price, insiders would probably have been better off keeping their shares.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
ActivePort Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Executive Chairman & Interim CEO, Peter Charles Christie, sold AU$297k worth of shares at a price of AU$0.019 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (AU$0.013). So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Peter Charles Christie.
Peter Charles Christie sold a total of 31.45m shares over the year at an average price of AU$0.019. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for ActivePort Group
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Does ActivePort Group Boast High Insider Ownership?
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 24% of ActivePort Group shares, worth about AU$3.6m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The ActivePort Group Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. We don't take much encouragement from the transactions by ActivePort Group insiders. But it's good to see that insiders own shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 5 warning signs we've spotted with ActivePort Group (including 2 which don't sit too well with us).
Of course ActivePort Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.