Investors may wish to note that the Independent Director of Auna S.A., John Wilton, recently netted US$73k from selling stock, receiving an average price of US$4.17. It might not be a huge sale, but it did reduce their holding size 38%, hardly encouraging.

The Last 12 Months Of Insider Transactions At Auna

Notably, that recent sale by John Wilton is the biggest insider sale of Auna shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$4.50. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 38% of John Wilton's holding.

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!

I will like Auna better if I see some big insider buys.

Insider Ownership Of Auna

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Auna insiders own about US$39m worth of shares. That equates to 12% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Auna Insider Transactions Indicate?

We note that there's been a little more insider selling than buying, recently. But the difference isn't enough to have us worried. Recent sales exacerbate our caution arising from analysis of Auna insider transactions. But it's good to see that insiders own shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Auna has 4 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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.

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.