Anyone interested in Zebra Technologies Corporation (NASDAQ:ZBRA) should probably be aware that the Independent Director, Chirantan Desai, recently divested US$409k worth of shares in the company, at an average price of US$207 each. The eyebrow raising move amounted to a reduction of 33.2% in their holding.
View our latest analysis for Zebra Technologies
Zebra Technologies Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Andrew Ludwick, sold US$6.1m worth of shares at a price of US$180 per share. That means that even when the share price was below the current price of US$204, 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. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. It is worth noting that this sale was 97.3% of Andrew Ludwick’s holding.
We note that in the last year insiders divested 168k shares for a total of US$33m. Insiders in Zebra Technologies 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
Insider Ownership of Zebra Technologies
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Zebra Technologies insiders own about US$116m worth of shares (which is 1.0% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Zebra Technologies Insiders?
Insiders sold stock recently, but they haven’t been buying. And there weren’t any purchases to give us comfort, over the last year. On the plus side, Zebra Technologies makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Zebra Technologies.
Of course Zebra Technologies 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.