Have Insiders Sold GDEV Shares Recently?
We'd be surprised if GDEV Inc. (NASDAQ:GDEV) shareholders haven't noticed that the Chief Executive Officer of Flagship Game Studio & Nexters Global, Anton Reinhold, recently sold US$201k worth of stock at US$11.03 per share. However, the silver lining is that the sale only reduced their total holding by 4.7%, so we're hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At GDEV
In fact, the recent sale by Anton Reinhold was the biggest sale of GDEV shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$11.11. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 4.7% of Anton Reinhold's holding.
GDEV insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for GDEV
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Does GDEV Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. GDEV insiders own about US$98m worth of shares (which is 50% of the company). 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 GDEV Insider Transactions Indicate?
An insider hasn't bought GDEV stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But since GDEV is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 2 warning signs (1 is significant!) that you ought to be aware of before buying any shares in GDEV.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.