Senior Independent Non-Executive Director Of Alfa Financial Software Holdings Sold 80% Of Their Shares
Anyone interested in Alfa Financial Software Holdings PLC (LON:ALFA) should probably be aware that the Senior Independent Non-Executive Director, Christopher Sullivan, recently divested UK£329k worth of shares in the company, at an average price of UK£1.64 each. In particular, we note that the sale equated to a 80% reduction in their position size, which doesn't exactly instill confidence.
Alfa Financial Software Holdings Insider Transactions Over The Last Year
Notably, that recent sale by Christopher Sullivan is the biggest insider sale of Alfa Financial Software Holdings shares that we've seen in the last year. That means that an insider was selling shares at around the current price of UK£1.65. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Alfa Financial Software Holdings
I will like Alfa Financial Software Holdings 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 Alfa Financial Software Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Alfa Financial Software Holdings insiders own 0.7% of the company, worth about UK£3.2m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We consider this fairly low insider ownership.
So What Does This Data Suggest About Alfa Financial Software Holdings Insiders?
An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But since Alfa Financial Software Holdings is profitable and growing, we're not too worried by this. 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 Alfa Financial Software Holdings. Every company has risks, and we've spotted 2 warning signs for Alfa Financial Software Holdings you should know about.
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 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.