Insider Trades: 15 ASX 200 directors bought and sold these stocks last week
CEOs from Hub24, JB Hi-Fi and Northern Star sold shares after August reporting season. Plus a long-list of Non-Executive buys.
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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 22-28 August 2025. Directors have up to 5 business days to notify the ASX of their trades.
The series is back after taking a break in August, when large-cap insider transactions were limited due to blackout trading periods during earnings season.
Top ASX 200 Insider Buys
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
Brambles | 25/08/25 | Buy | $26.63 | $495,298 | ||
Bluescope Steel | 26/08/25 | Buy | $22.85 | $149,905 | ||
Insurance Australia Group | 22/08/25 | Buy | $8.73 | $87,273 | ||
Als | 26/08/25 | Buy | $12.06 | $59,236 | ||
Treasury Wine Estates | 27/08/25 | Buy | $7.71 | $53,970 | ||
EVT | 28/08/25 | Buy | $13.97 | $48,904 | ||
Bendigo and Adelaide Bank | 26/08/25 | Buy | $13.46 | $45,091 | ||
Growthpoint Properties | 25/08/25 | Buy | $2.49 | $24,886 | ||
Origin Energy | 26/08/25 | Buy | $12.96 | $24,727 | ||
Treasury Wine Estates | 27/08/25 | Buy | $7.71 | $23,130 | ||
Pinnacle | 25/08/25 | Buy | $21.50 | $21,500 | ||
Cochlear | 27/08/25 | Buy | $300.87 | $18,052 | ||
Vault Minerals | 25/08/25 | Buy | $0.50 | $10,050 |
Key takeaways
All the above transactions are made by Non-Executive directors
Brambles attracted a sizeable parcel purchase from Non-Executive Chairman John Mullen, who also serves on the boards of Treasury Wine and Qantas. The logistics giant delivered a clean FY25 result that exceeded market expectations across operating profit, ROIC and dividends, while announcing an on-market buyback of up to US$400 million. FY26 guidance came in relatively in-line at 8-11% underlying profit growth versus UBS estimates of 10.4%, driving a 13.2% rally on results day. However, Macquarie analysts cautioned that while "Brambles is executing well and fundamental drivers are headed in the right direction, notably new business wins, cost and asset efficiencies," the strong price reaction has pushed the stock to 17.5x EV/EBIT in FY26, above its historical average of 14.3x.
BlueScope saw Non-Executive Director Alistair Field more than double his position from 2,500 to 9,060 shares, despite the company reporting FY25 earnings that largely missed market expectations. Management provided soft first-half FY26 guidance, with weaker contributions from Australian Steel Products, NZ Steel and the loss-making US coated products business remaining consistent points of concern. The stock declined 3.1% following the results announcement.
Top ASX 200 Insider Sells
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
Hub24 | 22/08/25 | Sell | $106.59 | $45,456,691 | ||
JB Hi-Fi | 22/08/25 | Sell | $118.98 | $2,712,906 | ||
Northern Star Resources | 22/08/25 | Sell | $18.25 | $1,825,000 | ||
Bluescope Steel | 27/08/25 | Sell | $23.14 | $1,658,923 | ||
Hub24 | 22/08/25 | Sell | $109.00 | $964,868 | ||
Hub24 | 22/08/25 | Sell | $109.02 | $155,353 | ||
Hub24 | 25/08/25 | Sell | $111.06 | $127,163 |
Key takeaways
Hub24 saw CEO Andrew Alcock execute his largest on-market selldown on record, disposing of approximately a third of his shareholding. This came after a volatile reporting session where the stock initially plunged 9.7% intraday before recovering to around breakeven. Analysts generally viewed the results as solid and broadly in-line with expectations, highlighting growth in adviser numbers and funds under advice per adviser. Though valuation concerns persist with the stock trading at a PE of 113x. Despite this, several analysts noted the company has entered FY26 with solid momentum, pointing to significant upside potential given Hub24's FUA remains well below the industry average.
JB Hi-Fi CEO Terry Smart was issued approximately 22,000 shares and on the same day, sold them on market. Further selling from Mr Smart may not come as a surprise after he announced his plans to retire on 3 October 2025.
Likewise, Northern Star's CEO Stuart Tonkin was issued 250,000 shares and on the same day, he sold 100,000 shares. Interestingly, Macquarie analysts recently (1-Sep) shifted their preference to Northern Star as its top large-cap gold pick given the stock has lagged peers despite a clean site visit at KCGM, with no major negatives and “clear air” over the next six months ahead of Hemi approvals.
