Insider Trades: Directors bought and sold shares in these 15 ASX 200 stocks last week
The volume of directors buying and selling shares surged this week, with notable trades from BHP, Woolworths, APA Group and Siteminder.
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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 and 1 and 8 November 2024. 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 |
|---|---|---|---|---|---|
BHP Group | 4/11/24 | $42.79 | $427,900 | ||
Woolworths Group | 5/11/24 | $29.63 | $237,040 | ||
AUB Group | 8/11/24 | $32.19 | $156,926 | ||
Super Retail Group | 4/11/24 | $14.29 | $142,880 | ||
Ansell | 5/11/24 | $31.31 | $140,895 | ||
Challenger | 1/11/24 | $5.94 | $79,861 | ||
APA Group | 7/11/24 | $6.86 | $68,600 | ||
BHP Group | 1/11/24 | $42.32 | $61,829 | ||
Macquarie Group | 4/11/24 | $223.43 | $59,880 | ||
Woolworths Group | 7/11/24 | $29.79 | $49,928 | ||
Nine Entertainment Co. Holdings | 8/11/24 | $1.11 | $44,505 | ||
Dexus | 1/11/24 | $7.14 | $14,987 | ||
Dexus | 1/11/24 | $7.14 | $14,987 | ||
Data#3 | 6/11/24 | $7.36 | $14,720 | ||
Corporate Travel Management | 4/11/24 | $11.75 | $14,687 | ||
Viva Energy Group | 31/10/24 | $2.63 | $13,150 |
All the above transactions are from Non-Executive Directors except for APA Group.
APA's CEO Adam Watson purchased 10,000 shares last week, he beneficially owns approximately 147,000 shares. APA Group is a prominent Australian energy infrastructure company, primarily engaged in the ownership and operation of natural gas and electricity assets. The stock is trading around five-year lows and down 22% year-to-date amid high debt levels, environmental concerns and industry challenges. Earlier this month, Macquarie analysts reiterated an Outperform rating and $8.13 target price, citing "APA is on a yield of 8.3%, with management emphasis on at least maintaining the yield. Its FY1 EV/EBITDA of ~10.8x is well below the historical range of 11.8-13.3x and now global peers. Organic growth remains appealing."
Top ASX 200 Insider Sells
Code | Company | Date | Director | Price | Value |
|---|---|---|---|---|---|
Siteminder | 1/11/24 | $6.65 | $20,000,001 | ||
HUB24 | 4/11/24 | $67.00 | $13,400,000 | ||
AUB Group | 6/11/24 | $32.50 | $251,712 |
Three notable Board members have recently executed significant on-market selldowns.
Siteminder: Non-Executive Director Paul Wilson (also Executive Director at Baliador Technology Investments, a major shareholder) executed his first-ever sale of company shares, divesting approximately 18% of his overall shareholding.
Hub24: CEO Andrew Alcock continued his historical pattern of post-reporting season trades, with his first on-market sale since August 2023, when he sold $7.8 million worth of shares at $31.5 each. His trades typically occur around August reporting season and November.
AUB Group: While CEO Michael Emmett's sale of $251,712 represents just 1.8% of his holdings, it marks his first on-market selldown at the insurance broking company, which has performed strongly with a 15% year-to-date gain.
