Investors who take an interest in Greggs plc (LON:GRG) should definitely note that the CEO & Director, Roger Whiteside, recently paid UK£18.40 per share to buy UK£91k worth of the stock. Although the purchase only increased their holding by 3.4%, it is still a solid purchase in our view.
Greggs Insider Transactions Over The Last Year
In fact, the recent sale by CEO & Director Roger Whiteside was not their only sale of Greggs shares this year. Earlier in the year, they fetched UK£22.64 per share in a -UK£359.5k sale. 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 (UK£17.84). So it is hard to draw any strong conclusion from it.
Over the last year we saw more insider selling of Greggs shares, than buying. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership of Greggs
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.2% of Greggs shares, worth about UK£4.3m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Greggs Insiders?
The insider sales have outweighed the insider buying, at Greggs, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Greggs 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're not rushing to buy, to say the least. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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.
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If you spot an error that warrants correction, please contact the editor at email@example.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.