We'd be surprised if Roots Sustainable Agricultural Technologies Ltd (ASX:ROO) shareholders haven't noticed that an insider, James Schwarz, recently sold US$397k worth of stock at US$0.051 per share. In particular, we note that the sale equated to a 72% reduction in their position size, which doesn't exactly instill confidence.
The Last 12 Months Of Insider Transactions At Roots Sustainable Agricultural Technologies
Notably, that recent sale by James Schwarz is the biggest insider sale of Roots Sustainable Agricultural Technologies shares that we've seen in the last year. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (AU$0.047). So it may not shed much light on insider confidence at current levels.
You can see the insider transactions (by 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!
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Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Roots Sustainable Agricultural Technologies insiders own 30% of the company, worth about AU$901k. 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 Roots Sustainable Agricultural Technologies Tell Us?
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. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, 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.