We note that the Juniper Networks, Inc. (NYSE:JNPR) Independent Director, Rahul Merchant, recently sold US$68k worth of stock for US$27.06 per share. However we note that the sale only shrunk their holding by 6.3%.
The Last 12 Months Of Insider Transactions At Juniper Networks
In the last twelve months, the biggest single sale by an insider was when the Executive VP & Chief Development Officer, Anand Athreya, sold US$3.4m worth of shares at a price of US$29.70 per share. So what is clear is that an insider saw fit to sell at around the current price of US$25.95. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
We note that in the last year insiders divested 210k shares for a total of US$6.0m. In the last year Juniper Networks 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
Insider Ownership of Juniper Networks
Many investors like to check how much of a company is owned by insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Insiders own 1.1% of Juniper Networks shares, worth about US$96m. 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 Do The Juniper Networks Insider Transactions Indicate?
Insiders sold Juniper Networks shares recently, but they didn’t buy any. And even if we look to the last year, we didn’t see any purchases. On the plus side, Juniper Networks makes money, and is growing profits. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. 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.
But note: Juniper Networks 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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If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.