Trade Alert: COO & CEO and Director of JSE Clear and Strate Of JSE Alicia Greenwood Has Sold Stock
Some JSE Limited (JSE:JSE) shareholders may be a little concerned to see that the COO & CEO and Director of JSE Clear and Strate, Alicia Greenwood, recently sold a substantial R10b worth of stock at a price of R1,561,755 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 50% of their entire holding.
The Last 12 Months Of Insider Transactions At JSE
Notably, that recent sale by Alicia Greenwood is the biggest insider sale of JSE 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. It's of some comfort that this sale was conducted at a price well above the current share price, which is R154. So it may not shed much light on insider confidence at current levels.
Insiders in JSE didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for JSE
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of JSE
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that JSE insiders own 1.0% of the company, worth about R119m. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About JSE Insiders?
An insider sold JSE shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, JSE makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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. For example - JSE has 1 warning sign we think you should be aware of.
But note: JSE 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.