How Many 8Telecom International Holdings Co. Ltd. (SGX:AZG) Shares Have Insiders Sold, In The Last Year?
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It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So shareholders might well want to know whether insiders have been buying or selling shares in 8Telecom International Holdings Co. Ltd. (SGX:AZG).
What Is Insider Selling?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'
Check out our latest analysis for 8Telecom International Holdings
The Last 12 Months Of Insider Transactions At 8Telecom International Holdings
Qian Tiffany Gong made the biggest insider purchase in the last 12 months. That single transaction was for S$95k worth of shares at a price of S$0.20 each. That means that an insider was happy to buy shares at above the current price of S$0.04. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid S$172k for 871k shares. But insiders sold 927k shares worth S$180k. All up, insiders sold more shares in 8Telecom International Holdings than they bought, over the last year. 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!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
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. From looking at our data, insiders own S$194k worth of 8Telecom International Holdings stock, about 4.3% of the company. However, it's possible that insiders might have an indirect interest through a more complex structure. We consider this fairly low insider ownership.
So What Do The 8Telecom International Holdings Insider Transactions Indicate?
The fact that there have been no 8Telecom International Holdings insider transactions recently certainly doesn't bother us. Our analysis of 8Telecom International Holdings insider transactions leaves us unenthusiastic. And usually insiders own more stock in the company, according to our data. 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 .
But note: 8Telecom International Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
