Harshraj Mariwala Is The Non-Executive Independent Director of Zensar Technologies Limited (NSE:ZENSARTECH) And They Just Sold 100% Of Their Shares – Simply Wall St
We note that the Zensar Technologies Limited (NSE:ZENSARTECH) Non-Executive Independent Director, Harshraj Mariwala, recently sold ₹5.3m worth of stock for ₹303 per share. While that isn't a lot of money, it was a substantial 100% of their holding, so certainly isn't a good sign.
Check out our latest analysis for Zensar Technologies
In the last twelve months, the biggest single sale by an insider was when the Senior Vice President, Madhwesha Kulkarni, sold ₹14m worth of shares at a price of ₹506 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (₹308). So it may not shed much light on insider confidence at current levels.
Zensar Technologies 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!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
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. Zensar Technologies insiders own about ₹1.0b worth of shares. That equates to 1.4% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
Insiders sold Zensar Technologies shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, Zensar Technologies makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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. In terms of investment risks, we've identified 2 warning signs with Zensar Technologies and understanding these should be part of your investment process.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.
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