Don’t Ignore The Fact That This Insider Just Sold Some Shares In Kforce Inc. (NASDAQ:KFRC)

Anyone interested in Kforce Inc. (NASDAQ:KFRC) should probably be aware that the Chief Operations Officer, Kye Mitchell, recently divested US$131k worth of shares in the company, at an average price of US$32.74 each. On the bright side, that sale was only-4.1% of their holding, so we doubt it’s very meaningful, on its own.

See our latest analysis for Kforce

Kforce Insider Transactions Over The Last Year

In fact, the recent sale by Chief Operations Officer Kye Mitchell was not their only sale of Kforce shares this year. They previously made an even bigger sale of -US$635.7k worth of shares at a price of US$36.30 per share. So we know that an insider sold shares at around the present share price of US$32.54. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.

In the last twelve months insiders netted US$2.2m for 64711 shares sold. In the last year Kforce insiders didn’t buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGS:KFRC Recent Insider Trading, September 2nd 2019
NasdaqGS:KFRC Recent Insider Trading, September 2nd 2019

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 11% of Kforce shares, worth about US$86m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Kforce Insider Transactions Indicate?

Insiders haven’t bought Kforce stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn’t show any insider buying. But since Kforce is profitable and growing, we’re not too worried by this. Insiders own shares, but we’re still pretty cautious, given the history of sales. We’re in no rush to buy! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Kforce may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.