Some Tian Ge Interactive Holdings Limited (HKG:1980) shareholders may be a little concerned to see that the Non-Executive Director, Xiangdong Xiong, recently sold a substantial HK$15m worth of stock at a price of HK$0.58 per share. That diminished their holding by a very significant 65%, which arguably implies a strong desire to reallocate capital.

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Tian Ge Interactive Holdings Insider Transactions Over The Last Year

In fact, the recent sale by Xiangdong Xiong was the biggest sale of Tian Ge Interactive Holdings shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of HK$0.57. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Xiangdong Xiong divested 46.27m shares over the last 12 months at an average price of CN¥0.56. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Tian Ge Interactive Holdings insiders own about HK$214m worth of shares. That equates to 35% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Tian Ge Interactive Holdings Insiders?

An insider sold Tian Ge Interactive Holdings shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tian Ge Interactive Holdings. When we did our research, we found 5 warning signs for Tian Ge Interactive Holdings (2 are a bit concerning!) that we believe deserve your full attention.

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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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