ASX 200 Insider Trades: Directors bought and sold these 9 stocks last week
Stockland's CEO was found buying despite the stock trading at record highs, while CEOs from NRW and Ventia are selling into strength.
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Mentioned
Welcome back to the Insider Trades series – a weekly summary of on-market ASX 200 director transactions valued at more than $10,000. The below trades have all taken place between 15 and 22 October 2025. Directors have up to 5 business days to notify the ASX of their trades.
Top ASX 200 Insider Buys
Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
SGP | Stockland | 16/10/25 | $5.48 | $937,504 | |
TWE | Treasury Wine Estates | 17/10/25 | $6.56 | $498,560 | |
TWE | Treasury Wine Estates | 20/10/25 | $6.36 | $159,000 | |
SHL | Sonic Healthcare | 16/10/25 | $21.78 | $54,450 | |
TWE | Treasury Wine Estates | 22/10/25 | $6.11 | $45,825 |
Interesting takeaways
Stockland CEO Tarun Gupta increased his beneficial holdings by approximately 6.5% to 2.8 million shares. The stock has performed strongly, up 43% year-to-date and trading at fresh all-time highs. Citi analysts noted some bullish commentary back in July: "We like SGP for the exposure to improving residential demand driven by lower rates and the return of first home buyers. However, the growing logistics portfolio has been a strong plank of the SGP story over recent years ... in addition to SGP's plans to build data centers." The stock also re-rated as much as 12% between 20-25 August following better-than-expected FY25 results.
Treasury Wine has recorded four transactions (totalling ~$850,000) in recent weeks, all from Non-Executive directors. The stock suffered a sharp 15.3% selloff on 13 October (a near decade low) after the company withdrew FY26 guidance across the Group, Penfolds, and Americas divisions while pausing its share buyback, citing ongoing uncertainty in China and increased disruption in the US. Analysts widely cut earnings forecasts and price targets, viewing the update as a reset under the incoming CEO, though near-term visibility has deteriorated significantly.
Top ASX 200 Insider Sells
Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
WTC | Wisetech Global | 16/10/25 | $84.10 | $50,064,730 | |
NWH | NRW Holdings | 17/10/25 | $4.94 | $19,765,755 | |
GMG | Goodman Group | 16/10/25 | $35.18 | $8,636,809 | |
VNT | Ventia Services Group | 21/10/25 | $5.45 | $8,179,950 | |
NWH | NRW Holdings | 20/10/25 | $4.89 | $805,407 | |
NWH | NRW Holdings | 21/10/25 | $4.86 | $548,111 | |
GDG | Generation Development Group | 15/10/25 | $7.46 | $372,861 | |
HUB | HUB24 | 22/10/25 | $120.00 | $138,000 |
Interesting takeaways
Wisetech founder Richard White has sold almost $400 million worth of stock since September. Perhaps unrelated, but ASIC and the Australian Federal Police attended the company's office on Monday 27 October, executing a search warrant requiring the production of documents regarding alleged trading in WiseTech shares by Richard White and three WiseTech employees during the period from late 2024 to early 2025.
NWH CEO Julian Pemberton and several Non-Executive Directors have offloaded shares in recent weeks. The stock rallied as much as 36% between 1 September and 16 October following the company's acquisition of Fredon Industries for up to $200 million. Analysts widely viewed the deal as strategic and immediately EPS accretive, with the 5.2x EV/EBIT multiple considered attractive versus peers. The acquisition aligned with management's previously flagged M&A intentions. While margin dilution was flagged, multiple analysts saw the deal as earnings enhancing and a sensible use of the balance sheet.
Goodman Group CEO and founder Gregory Goodman sold 245,525 shares while retaining approximately 37 million shares. This marks his first sale of the year, consistent with his typical pattern of recording a few sale transactions every year.
Ventia CEO Dean Banks sold approximately 23% of his beneficial holdings, offloading 1.5 million shares while retaining 6.46 million. The stock has surged roughly 50% year-to-date. The company's latest 1H25 result in August was slightly disappointing but overshadowed by a full-year guidance upgrade to 10-12% NPAT growth and an expanded buyback program to $150 million. The upgrade was supported by strong cash flow and a record $20.6 billion Work in Hand from significant contract wins.
