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Anyone interested in Gfinity plc (LON: GFIN) should probably be aware that a company insider Nicholas Basing recently sold £ 107,000 of shares in the company, at an average price of £ 0.043 each. This sale was 28% of their stake, so that raises our eyebrows.
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The last 12 months of insider trading at Gfinity
In fact, the recent sale by Nicholas Basing was the biggest sale of Gfinity shares by an insider in the past twelve months, according to our records. So what is clear is that one insider saw fit to sell at around the current price of £ 0.043 in the UK. While we generally don’t like insider sales, it is more of a concern that the sales come at a lower price. Given that the sale took place around current prices, this makes us a little cautious but hardly a major concern.
You can see insider trading (by companies and individuals) over the past year illustrated in the table below. By clicking on the chart below, you can see the exact details of each insider trade!
If you like to buy stocks that insiders buy rather than sell them, you might love this free list of companies. (Hint: insiders bought them).
Gfinity Insider Ownership
For an ordinary shareholder, it is worth checking the number of shares held by insiders of the company. High insider participation often makes company executives more attentive to the interests of shareholders. It appears that Gfinity insiders own 21% of the company, worth around £ 7.3million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
What could insider trading at Gfinity tell us?
An insider recently sold shares of Gfinity, but they did not buy any. For the past twelve months, our data shows no insider buying. Although insiders own stocks, they don’t own a single stock and they sell. So we would only buy after careful consideration. While we love to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making an investment decision. To this end, you should inquire about the 6 warning signs we spotted with Gfinity (including 3 which are significant).
Of course, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are the people 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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This Simply Wall St article is general in nature. It is not a recommendation to buy or sell any stock, and does not take into account your goals or your financial situation. We aim to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative information. Simply Wall St has no position in any of the stocks mentioned.
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