Many Idea Cloud Holdings Insiders Sell CN¥23m Of Stock, Possibly Signalling Caution

In the last year, many Many Idea Cloud Holdings Limited (HKG:6696) insiders sold a substantial stake in the company which may have sparked shareholders' attention. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Many Idea Cloud Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Wenwen Wang, sold HK$14m worth of shares at a price of HK$4.72 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 (HK$0.68). So it may not shed much light on insider confidence at current levels.

All up, insiders sold more shares in Many Idea Cloud Holdings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Many Idea Cloud Holdings

I will like Many Idea Cloud Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Are Many Idea Cloud Holdings Insiders Buying Or Selling?

We saw some Many Idea Cloud Holdings insider buying shares in the last three months. Executive Director Shuo Qu purchased HK$44k worth of shares in that period. We like it when there are only buyers, and no sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.

Insider Ownership Of Many Idea Cloud Holdings

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Many Idea Cloud Holdings insiders own 1.2% of the company, worth about HK$5.4m. We consider this fairly low insider ownership.

What Might The Insider Transactions At Many Idea Cloud Holdings Tell Us?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. The insider transactions at Many Idea Cloud Holdings are not inspiring us to buy. And we're not picking up on high enough insider ownership to give us any comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Many Idea Cloud Holdings. To that end, you should learn about the 4 warning signs we've spotted with Many Idea Cloud Holdings (including 2 which are a bit concerning).

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 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.