Insiders were net buyers of ANTA Sports Products Limited's (HKG:2020 ) stock during the past year. That is, insiders bought more stock than they sold.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At ANTA Sports Products
Over the last year, we can see that the biggest insider purchase was by Executive Director Jie Zheng for HK$10m worth of shares, at about HK$67.32 per share. That implies that an insider found the current price of HK$74.30 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the ANTA Sports Products insider decided to buy shares at close to current prices. Jie Zheng was the only individual insider to buy during 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!
ANTA Sports Products is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
ANTA Sports Products Insiders Are Selling The Stock
The last three months saw significant insider selling at ANTA Sports Products. In total, CFO & Executive Director Mingwei Bi dumped HK$3.3m worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
Insider Ownership Of ANTA Sports Products
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. ANTA Sports Products insiders own about HK$930m worth of shares (which is 0.4% 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 Does This Data Suggest About ANTA Sports Products Insiders?
An insider hasn't bought ANTA Sports Products stock in the last three months, but there was some selling. But we take heart from prior transactions. And insider ownership remains quite considerable. So we're not too bothered by recent selling. Of course, the future is what matters most. So if you are interested in ANTA Sports Products, you should check out this free report on analyst forecasts for the company.
Of course ANTA Sports Products may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com