Trade Alert: Co-Founder & Co-Managing Director of EagleAI Business Of Eagle Eye Solutions Group Cedric Chereau Has Sold Stock

We wouldn't blame Eagle Eye Solutions Group PLC (LON:EYE) shareholders if they were a little worried about the fact that Cedric Chereau, the Co-Founder & Co-Managing Director of EagleAI Business recently netted about UK£502k selling shares at an average price of UK£5.02. That sale reduced their total holding by 50% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At Eagle Eye Solutions Group

Notably, that recent sale by Cedric Chereau is the biggest insider sale of Eagle Eye Solutions Group shares that we've seen in the last year. That means that an insider was selling shares at around the current price of UK£4.75. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

All up, insiders sold more shares in Eagle Eye Solutions Group than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Eagle Eye Solutions Group

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Does Eagle Eye Solutions Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Eagle Eye Solutions Group insiders own about UK£43m worth of shares. That equates to 30% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Eagle Eye Solutions Group Insiders?

The insider sales have outweighed the insider buying, at Eagle Eye Solutions Group, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Eagle Eye Solutions Group that deserve your attention before buying any shares.

But note: Eagle Eye Solutions Group 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.

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.