Insider Trades: 3 directors sold shares in these ASX 200 stocks last week
Insiders and CEOs from Catapult Group, Aristocrat Leisure and Emerald Resources were found offloading shares last week.
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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 trades have all taken place between 8-16 July 2025. Directors have up to 5 business days to notify the ASX of their trades.
The approaching August reporting season is also driving most companies into blackout trading periods, restricting director transaction activity. This resulted in only four recorded transactions last week, all from companies reporting out of cycle (i.e., outside the traditional August window).
Top ASX 200 Insider Trades
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
Aristocrat Leisure | 15/07/25 | Sell | $67.49 | $2,349,544 | ||
Emerald Resources | 15/07/25 | Sell | $3.68 | $2,208,071 | ||
Catapult Group International | 10/07/25 | Sell | $5.89 | $2,134,753 | ||
Aristocrat Leisure | 11/07/25 | Sell | $67.64 | $1,764,748 | ||
Aristocrat Leisure | 14/07/25 | Sell | $67.05 | $1,164,660 |
Key takeaways
Aristocrat Leisure saw CEO Trevor Croker sell approximately 78,100 shares (~$5.3m) across three separate transactions last week. The timing follows the company's off-cycle half-year results in May, which triggered a sharp 8.8% selloff after missing expectations. Weakness in Gaming and higher corporate costs weighed on earnings, with fee per day declining 5% year-over-year as the key drag. However, this was partially offset by stronger-than-expected margins from the Product Madness and Interactive segments. Despite the earnings miss, management maintained its full year NPATA growth guidance, banking on a stronger second half from Gaming. The stock has since recovered most of the initial selloff.
Emerald Resources Executive Director Michael Evans exercised 1 million options at $0.67 last week and subsequently sold 600,000 shares on-market at $3.68 each. The company operates the Okvau Gold Deposit in Cambodia while exploring other regional prospects. Its latest June quarterly confirmed FY25 guidance remains on track, supported by a debt-free balance sheet and full funding to achieve its 300,000 ounces per annum production target over the next 18 months. The transaction follows a common pattern where insiders exercise options and sell a portion (or entire position) on-market.
Catapult's CEO is selling into strength, with the stock up 66% year-to-date following a stronger-than-expected FY25 result announced on 21 May. The result exceeded expectations across most metrics, delivering solid beats in EBITDA, free cash flow, and margin performance. While ACV came in slightly below forecasts due to FX headwinds and the Russia exit, analysts viewed the overall result positively, highlighting strong execution and improved balance sheet strength. Margin expansion emerged as a key highlight, driven by operating leverage, cost control, and higher contribution margins. The FCF outperformance was particularly well-received as evidence of business scalability and internally funded growth potential. CEO Mr Lopez sold 362,634 shares, representing approximately 18% of his beneficial ownership.
