This insider just sold shares of InterGlobe Aviation Limited (NSE: INDIGO)


Some InterGlobe Aviation Limited (NSE: INDIGO) Shareholders may be a little worried that Aircraft Acquisition and Finance Director Riyaz Peer Mohamed recently sold a substantial value of 310 million yen at a price of 1,877 yen per share. . This sale reduced their total holding by 18%, which is not insignificant, but far from the worst we have seen.

Check out our latest review for InterGlobe Aviation

InterGlobe Aviation insider trading in the past year

Notably, this recent sale by director of aircraft acquisition and financing, Riyaz Peer Mohamed, was not the only time they have sold shares of InterGlobe Aviation this year. Previously, they had made an even larger sale of -457 million yen of shares at a price of 1,747 yen per share. This means that even when the stock price was lower than the current price of 1996, an insider wanted to cash in certain stocks. Generally, we find it disheartening when insiders sell below the current price, as it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we cannot be sure that this means that insiders think stocks are fully valued, so it is only a weak sign. This one-time sale only represented 15% of Riyaz Peer Mohamed’s stake.

Over the past year, InterGlobe Aviation insiders have not purchased any shares in the company. Below you can see a visual representation of insider trading (by businesses and individuals) over the past 12 months. If you want to know exactly who sold, for how much and when, just click on the graph below!

NSEI: INDIGO Insider Trading Volume September 5, 2021

If you like to buy stocks that insiders buy rather than sell, then you might love this free list of companies. (Hint: insiders bought them).

Insider ownership

I like to look at how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. InterGlobe Aviation insiders own 24% of the company, with a current value of around 180 billion yen based on the recent share price. I like to see this level of insider ownership because it increases the chances that management is thinking in the best interests of shareholders.

So what do InterGlobe Aviation’s insider trading indicate?

Insiders haven’t bought InterGlobe Aviation shares in the past three months, but there have been some sales. Looking at the past twelve months, our data shows no insider buying. The company prides itself on having a high insider participation, but we’re a little hesitant, given the history of share sales. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. Concrete example: we have spotted 2 warning signs for InterGlobe Aviation you must be aware.

Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
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