Have Insiders Sold Ultrapar Participações Shares Recently?
We'd be surprised if Ultrapar Participações S.A. (BVMF:UGPA3) shareholders haven't noticed that the CEO of Ipiranga, Leonardo Linden, recently sold R$2.3m worth of stock at R$38.59 per share. That sale was 19% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At Ultrapar Participações
Notably, that recent sale by Leonardo Linden is the biggest insider sale of Ultrapar Participações shares that we've seen in the last year. That means that an insider was selling shares at around the current price of R$38.43. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
In the last year Ultrapar Participações insiders didn't buy any company stock. 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!
Check out our latest analysis for Ultrapar Participações
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Insider Ownership Of Ultrapar Participações
Many investors like to check how much of a company is owned by 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. Ultrapar Participações insiders own 1.4% of the company, currently worth about R$585m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Ultrapar Participações Insider Transactions Indicate?
Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But since Ultrapar Participações is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. At Simply Wall St, we've found that Ultrapar Participações has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
Of course Ultrapar Participações 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.