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Those following along with Gr. Sarantis S.A. (ATH:SAR) will no doubt be intrigued by the recent purchase of shares by Kyriakos Sarantis, Vice Chairman & CEO of the company, who spent a stonking €10m on stock at an average price of €7.97. That purchase boosted their holding by 193%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
View our latest analysis for Gr. Sarantis
The Last 12 Months Of Insider Transactions At Gr. Sarantis
In fact, the recent purchase by Kyriakos Sarantis was the biggest purchase of Gr. Sarantis shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being €7.92). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Kyriakos Sarantis was the only individual insider to buy shares in the last twelve months. We note that Kyriakos Sarantis was also the biggest seller.
In total, Gr. Sarantis insiders sold more than they bought over the last year. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Gr. Sarantis Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Gr. Sarantis insiders own 6.5% of the company, worth about €35m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Gr. Sarantis Insider Transactions Indicate?
Insider sales and purchases have netted out over the last three months, so it's hard to draw any conclusion from recent trading. Recent insider selling makes us a little nervous, in light of the broader picture of Gr. Sarantis insider transactions. But we do like the fact that insiders own a fair chunk of the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.