Insider Trades: 5 ASX 200 directors bought and sold these stocks last week

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 31 March and 9 April. Directors have up to 5 business days to notify the ASX of their trades.

Insider activity has been relatively quiet since the onset of the Iran conflict, following a period of elevated volumes, particularly around battered tech stocks like Pro Medicus, TechnologyOne, Zip and REA Group.

Top ASX 200 insider buys

Sims: Non-Executive Director Russell Rinn had a relatively small shareholding to begin with (2,900 shares), though the latest transaction more than doubles this to 7,515 shares.

Sims has had a pretty interesting past couple of weeks, with the company upgrading its FY26 guidance on 18 March. The trading update noted:

• Underlying EBIT guidance of $350-400m is well above consensus of $305.5m, representing a 23% beat at the midpoint.

• Sims Lifecycle Services expected to deliver underlying EBIT of $165-185m for FY26, reflecting continued strength in DDR4 secondary market pricing and sustained hyperscaler activity

• The Metal business is being supported by strong non-ferrous prices, improved US domestic ferrous prices and higher aluminium prices driving a further uplift in Zorba prices, partially offsetting ongoing elevated Chinese steel exports

• A materially improved second half is expected for both the North American and South American and Recycling segments, with a strong third quarter anticipated.

• The operational impact of the Middle East conflict remains relatively limited outside of shipping and fuel costs

The stock rallied as much as 16.8% on the day of the announcement but finished the session up just 9.8% ($20.68). It has since traded mostly sideways around the $19-20 level.

Wisetech: Non-Executive Director Christopher Charlton recorded two on-market buys of 1,250 shares ($49,187) each, along with a sell of 750 shares ($29,617), offloading indirect holdings from presumably his wife and purchasing more under his own name.

There hasn't been much news out of Wisetech in recent weeks, though updates from Anthropic relating to Claude Cowork and the new Claude Mythos model have continued to weigh on the software sector. Wisetech has tanked a further 20.9% over the past month and is trading at its lowest since June 2022.

Top ASX 200 insider sells

Ventia Services: CEO Dean Banks sold approximately 28% of his shareholding, offloading 1.99 million shares from a prior holding of 7.0 million. Ventia shares have struggled in recent months, with 12-month returns fading to just 25% from a peak of around 55% in mid-January. The company's FY25 result on 19 February was well-received, with management providing FY26 NPATA growth guidance ahead of market expectations, increasing the on-market buyback, and announcing that the CEO would step down later in the year. Record work-in-hand and a high proportion of revenue already secured for FY26 were viewed positively by analysts.

Life360: Non-Executive Chairman John Coghlan recorded a small selldown of 4,000 shares, or approximately 1.8% of his beneficial shareholding.

Life360 reported its December quarter results in March, where adjusted EBITDA soared 53% to $32.4 million, 21% ahead of market expectations of $26.8 million. The company also provided FY26 guidance that came in slightly ahead of consensus. Despite the stock rallying as much as 15% in early trade, it finished the session down 17.6%. Analysts attributed the weakness to ongoing margin pressure and a more back-weighted performance profile across the year. The stock has continued to slide, currently down 12% since results day and trading at its lowest since April 2025.