Some Treasury Wine Estates Limited (ASX:TWE) shareholders may be a little concerned to see that the MD, CEO & Director, Samuel Andrew Fischer, recently sold a substantial AU$783k worth of stock at a price of AU$6.02 per share. That's a big disposal, and it decreased their holding size by 49%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Treasury Wine Estates
Over the last year, we can see that the biggest insider purchase was by insider Olivier C. Goudet for AU$244m worth of shares, at about AU$6.95 per share. That means that even when the share price was higher than AU$5.81 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Olivier C. Goudet was the only individual insider to buy shares in the last twelve months.
Olivier C. Goudet bought a total of 73.00m shares over the year at an average price of AU$5.38. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Treasury Wine Estates
Treasury Wine Estates is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Treasury Wine Estates Boast High Insider Ownership?
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. Treasury Wine Estates insiders own about AU$429m worth of shares (which is 9.1% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Treasury Wine Estates Insiders?
An insider hasn't bought Treasury Wine Estates stock in the last three months, but there was some selling. In contrast, they appear keener if you look at the last twelve months. And insider ownership remains quite considerable. So we're happy to look past recent trading. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Treasury Wine Estates that deserve your attention before buying any shares.
Of course Treasury Wine Estates may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.
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