ASX 200 Directors Sold $14 Million in Shares Last Week
Director selling hit $14.0 million against $1.16 million in buying, reversing a three-week trend.
Director selling reached $14.0 million last week. Buying totaled $1.16 million. This reverses the trend of the previous three weeks. GN auto markets/indices: market indices tracked these transactions. The data covers trades between 4 and 10 September. Only deals over $10,000 are included.
Sellers outweighed buyers significantly. The net flow was negative for the index. This marks a shift in insider sentiment. The volume of trades remains lower than pre-reporting periods. However, specific buys carried strategic weight.
Northern Star director buys shares
Jeff Quartermaine purchased 10,000 shares. He paid $23.18 per share. The total value was $231,800. This was his first holding in the company. The purchase occurred during an activist campaign by Elliott Management.
Quartermaine was appointed as an independent director. Terry Bowen was appointed alongside him. These appointments were part of succession planning. Elliott Management successfully pushed for its own candidates. Those changes take effect in October. Quartermaine will chair a subcommittee with two Elliott-endorsed appointees.
Northern Star reported record earnings recently. Revenue rose 19% to $7.6 billion. The average realized gold price increased 26% to $4,925 per ounce. Underlying net profit after tax grew 26% to $1.8 billion. The FY26 dividend was 55 cents, fully franked. The share price rose 6% on results day. It has since lost most of those gains.
Pexa directors continue buying
Two Pexa directors bought shares last week. This follows four purchases after the FY26 result. Georgina Lynch paid $7.45 per share. Her purchase totaled $89,876. Paul Rickard paid $7.05 per share. His purchase totaled $70,500.
Lynch paid a higher price than the earlier group. The stock fell 17.4% after the August result. FY27 guidance predicted a double-digit decline in transfer volumes. A 20% cut to regulated revenues was proposed. Only one earlier buyer, Mark Joiner, is above water. He bought at $6.87. Others paid between $7.06 and $7.45.
Other notable ASX 200 trades
Kiernan Bell bought Atlas Arteria shares. He paid $4.58 per share. The value was $206,100. Laurence Baynham bought Data#3 shares. He paid $11.07 per share. The value was $169,698. Mark Schubert bought Cleanaway Waste shares. He paid $2.59 per share.
These trades reflect varied confidence levels. Some directors increased exposure despite market volatility. Others maintained positions during strategic shifts. The data provides a clear snapshot of insider activity. GN auto markets/indices: market indices remain the primary source for this weekly summary.
