We’d be surprised if NV5 Global, Inc. (NASDAQ:NVEE) shareholders haven’t noticed that the Independent Director, François Tardan, recently sold US$202k worth of stock at US$48.01 per share. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn’t exactly instill confidence.
Check out our latest analysis for NV5 Global
NV5 Global Insider Transactions Over The Last Year
The Chairman & CEO, Dickerson Wright, made the biggest insider sale in the last 12 months. That single transaction was for US$1.2m worth of shares at a price of US$82.17 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$47.72). So it may not tell us anything about how insiders feel about the current share price.
We note that in the last year insiders divested 66200 shares for a total of US$4.7m. Insiders in NV5 Global didn’t buy any shares in the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of NV5 Global
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It’s great to see that NV5 Global insiders own 18% of the company, worth about US$111m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About NV5 Global Insiders?
Insiders sold NV5 Global shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. Of course, the future is what matters most. So if you are interested in NV5 Global, you should check out this free report on analyst forecasts for the company.
But note: NV5 Global may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
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