A good number of Yellow Pages Limited (TSE:Y) insiders have sold shares over the past year, which doesn’t bode well for investors
A number of Yellow Pages Limited (TSE:Y) insiders have sold their shares over the past year, which may have raised concerns among investors. Knowing whether insiders are buying is generally more useful when evaluating insider trades, as insider selling can have a variety of explanations. However, when multiple insiders are selling shares over a specific length of time, shareholders should take heed, as this could possibly be a red flag.
Although we would never suggest that investors base their decisions solely on what a company’s directors have done, logic dictates that you pay attention to whether insiders are buying or selling shares.
Check out our latest analysis for the Yellow Pages
Yellow Pages insider trades in the past year
Although there have been no material insider trades in the last twelve months, it is still worth reviewing the trades.
Yellow Pages insiders haven’t bought any stocks in the past year. The chart below shows insider trading (by companies and individuals) over the past year. If you click on the chart, you can see all individual trades including stock price, individual and date!
If you’re like me, then you not want to miss this free list of growing companies insiders are buying.
Yellow Pages Insider Property
I like to look at how many shares insiders own in a company, to help me get a sense of how aligned they are with insiders. I think it’s a good sign if insiders have a significant number of shares in the company. According to our data, Yellow Pages insiders own about 1.0% of the stock, worth about C$2.5 million. We consider this to be fairly weak insider property.
What could insider trading on the yellow pages tell us?
It doesn’t really mean much that no insider has traded Yellow Pages stock in the last quarter. Our analysis of Yellow Pages insider trading leaves us unenthusiastic. And we don’t report enough insider ownership to reassure us. While we like to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making an investment decision. Every business has risks, and we’ve spotted 1 yellow pages warning sign you should know.
Sure Yellow Pages May Not Be the Best Stock to Buy. So you might want to see this free set of high quality companies.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
Valuation is complex, but we help make it simple.
Find out if Yellow Pages is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.
See the free analysis
Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.