Don't Ignore The Insider Selling In Gek Terna

We wouldn't blame Gek Terna S.A. (ATH:GEKTERNA) shareholders if they were a little worried about the fact that Dimitrios Antonakos, the Non-Executive Director recently netted about €1.3m selling shares at an average price of €25.51. That sale reduced their total holding by 12% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At Gek Terna

Notably, that recent sale by Dimitrios Antonakos is the biggest insider sale of Gek Terna shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of €25.06. 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.

In the last year Gek Terna insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Gek Terna

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Insider Ownership Of Gek Terna

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Gek Terna insiders own 35% of the company, currently worth about €881m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Gek Terna Insider Transactions Indicate?

An insider hasn't bought Gek Terna stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Gek Terna. Every company has risks, and we've spotted 5 warning signs for Gek Terna (of which 2 are concerning!) you should know about.

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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.