Yahoo Finance This Insider Has Just Sold Shares In Bluechiip Limited (ASX:BCT)
We'd be surprised if Bluechiip Limited (ASX:BCT) shareholders haven't noticed that an insider, James Craig, recently sold AU$356k worth of stock at AU$0.12 per share. However, the silver lining is that the sale only reduced their total holding by 9.2%, so we're hesitant to read anything much into it, on its own.
View our latest analysis for Bluechiip
Bluechiip Insider Transactions Over The Last Year
Notably, that recent sale by insider James Craig was not the only time they sold Bluechiip shares this year. They previously made an even bigger sale of -AU$356.1k worth of shares at a price of AU$0.18 per share. So we know that an insider sold shares at around the present share price of AU$0.17. While we don't usually like to see insider selling, it's more concerning if the sales take place 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.
In total, Bluechiip insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by 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!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Bluechiip
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Bluechiip insiders own about AU$21m worth of shares. That equates to 22% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Bluechiip Tell Us?
An insider sold Bluechiip shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd think twice before buying! Of course, the future is what matters most. So if you are interested in Bluechiip, you should check out this free report on analyst forecasts for the company.
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, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
