December 2, 2023

Healthcare Global

Splash Healthcare Global All Over

Have Insiders Sold HealthCare Global Enterprises Shares Recently? \

We wouldn’t blame HealthCare Global Enterprises Limited (NSE:HCG) shareholders if they were a little worried about the fact that Basavalinga Ajaikumar, the Executive Chairman recently netted about ₹1.1b selling shares at an average price of ₹320. That sale reduced their total holding by 20% which is hardly insignificant, but far from the worst we’ve seen.

See our latest analysis for HealthCare Global Enterprises

HealthCare Global Enterprises Insider Transactions Over The Last Year

In fact, the recent sale by Basavalinga Ajaikumar was the biggest sale of HealthCare Global Enterprises shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of ₹318. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year HealthCare Global Enterprises insiders didn’t buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NSEI:HCG Insider Trading Volume June 5th 2023

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Does HealthCare Global Enterprises Boast High Insider Ownership?

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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that HealthCare Global Enterprises insiders own 17% of the company, worth about ₹7.3b. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At HealthCare Global Enterprises Tell Us?

Insiders sold stock recently, but they haven’t been buying. 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 HealthCare Global Enterprises. At Simply Wall St, we found 2 warning signs for HealthCare Global Enterprises that deserve your attention before buying any shares.

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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, but not derivative transactions.

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Find out whether HealthCare Global Enterprises is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.