We wouldn’t blame CACI International Inc (NYSE:CACI) shareholders if they were a little worried about the fact that Kenneth Asbury, a company insider, recently netted about US$3.0m selling shares at an average price of US$210. That sale reduced their total holding by 24.1% which is hardly insignificant, but far from the worst we’ve seen.
See our latest analysis for CACI International
The Last 12 Months Of Insider Transactions At CACI International
In fact, the recent sale by insider Kenneth Asbury was not their only sale of CACI International shares this year. Earlier in the year, they fetched US$215 per share in a -US$3.0m sale. That means that even when the share price was slightly below the current price of US$216, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don’t know for sure what they think of the stock price. We note that the biggest single sale was only 24.1% of Kenneth Asbury’s holding.
Over the last year, we note insiders sold 18899 shares worth US$3.9m. In the last year CACI International insiders didn’t buy any company stock. 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!
Does CACI International Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.4% of CACI International shares, worth about US$78m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About CACI International Insiders?
Insiders haven’t bought CACI International 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. While insiders do own shares, they don’t own a heap, and they have been selling. So we’d only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for CACI International.
Of course CACI International 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 editorial-team@simplywallst.com. 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.