I still don’t find these sales alarming. In the first case, the seller has some kind of selling program where, whenever the window opens, they sell a portion of their holdings, which likely came from the company’s dividend program. Indeed, they sold half their stake in the spring at an even lower price.
Second, the HR director is selling a tenth of their holdings.
Of course, if more of these start to appear where a majority of the holdings are being offloaded, I would be concerned.
The stock has climbed tremendously over the past year, and naturally, that makes one consider selling some of it if a large portion of one’s wealth starts to be tied up in a single stock. However, I still see some potential for the stock price to rise further. The guidance was very conservative, and we could very well see a third positive profit warning this year later in the autumn.