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How Many Terna Energy Societe Anonyme Commercial Technical Company (ATH:TENERGY) Shares Did Insiders Buy, In The Last Year?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Terna Energy Societe Anonyme Commercial Technical Company (ATH:TENERGY).

What Is Insider Selling?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.

We don't think shareholders should simply follow insider transactions. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.

ANUNCIO

See our latest analysis for Terna Energy Societe Anonyme Commercial Technical

Terna Energy Societe Anonyme Commercial Technical Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Goergios Peristeris bought €3.4m worth of shares at a price of €7.08 per share. We do like to see buying, but this purchase was made at well below the current price of €10.04. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

ATSE:TENERGY Recent Insider Trading May 30th 2020
ATSE:TENERGY Recent Insider Trading May 30th 2020

Terna Energy Societe Anonyme Commercial Technical is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Terna Energy Societe Anonyme Commercial Technical

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Terna Energy Societe Anonyme Commercial Technical insiders own about €255m worth of shares (which is 23% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Terna Energy Societe Anonyme Commercial Technical Insiders?

The fact that there have been no Terna Energy Societe Anonyme Commercial Technical insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like Terna Energy Societe Anonyme Commercial Technical insiders think the business has merit. 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. When we did our research, we found 2 warning signs for Terna Energy Societe Anonyme Commercial Technical (1 is concerning!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.

Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

This article by Simply Wall St is general in nature. 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. Thank you for reading.