Insider Trades: 3 ASX 200 directors bought and sold these stocks last week
A NextDC Non-Executive Director sold into recent strength, while Elders and Select Harvest insiders continued to record on-market buys.
Source: iStock
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 trades have all taken place between 6 and 11 June 2025. Directors have up to 5 business days to notify the ASX of their trades.
Its a very quiet week for director transaction activity, that has been quiet subdued since Trump's Liberation Day announcement. Interestingly, Bloomberg reported that executives in the US are dumping shares at the fastest clip since November. The article notes that 778 insiders sold shares vs. 200 buying, through 11 June. "That puts the buy to sell ratio at around 0.26, the lowest since November when Trump’s reelection triggered a months-long rally," the article noted.
Top ASX 200 Insider Trades
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
NextDC Ltd | 10/06/25 | Sell | $13.88 | $208,200 | ||
Elders Ltd | 6/06/25 | Buy | $6.13 | $59,497 | ||
Select Harvests Ltd | 11/06/25 | Buy | $4.61 | $43,195 | ||
Select Harvests Ltd | 11/06/25 | Buy | $4.56 | $40,647 |
Key takeaways
NextDC shares rallied 5.1% to a near three-month high last week, after the company announced another contracted utilisation increase. Pro-forma utilisation rose 16MW (+7%) to 244MW since the May 6 update, with Malaysia's developing data centre contributing 10MW (15% of planned capacity). The pro forma order book reached a record 135MW as at May 31, up 6.3% month-on-month.
These numbers run approximately 6.8% ahead of Citi's FY25 forecast of 228.3MW, highlighting continued data centre momentum. Most new contract revenue is expected to ramp up during FY27 following additional data hall completion.
Its interesting to see Non-Executive Director Gregory Clark offload 15,000 shares ($208,200) into recent strength. The selldown represents 19.7% of his holdings, and he beneficially owns 61,039 shares after the transaction.
The battered Elders continues to attract some insider bids. The stock is down 12% year-to-date, largely driven by a weaker-than-expected first-half FY25 result on 26 May. The key numbers include:
Revenue up 5% to $1.41bn vs. $1.56bn ests (9.6% miss)
Underlying NPAT up 166% to $38.2m vs. 40.3m ests (5.2% miss)
Interim dividend flat year-on-year at 18 cents per share
CEO Mark Allison noted that while dry conditions hampered rural product sales, strong livestock demand drove the substantial NPAT increase, with optimism for improved seasonal conditions in the second half.
Select Harvest's first-half FY25 results significantly exceeded expectations due to earlier almond crop fair value recognition. While crop volume, pricing, and cost assumptions were broadly unchanged, the skewed earnings profile led to a material uplift in EBITDA and NPAT. Some of the key numbers include:
EBITDA up 229% to $60.7m
NPAT of $28.7m (1H24 NPAT loss of $2.4m)
Estimated 2025 almond crop of 24-26,500Mt (vs. FY24 29.5Mt or -14.5% at midpoint)
Forecast almond price up 35% year-on-year to $10.35/kg, with strong demand from China and India
No interim dividend but will consider a dividend at the completion of FY25 accounts
Analysts responded positively, expecting operational initiatives including third-party processing expansion to support FY26 earnings growth, though some criticised the absence of near-term guidance given biological asset accounting volatility. The stock has attracted three non-executive purchases totaling approximately $170,000 over the past month.
