Some CyrusOne Inc. (NASDAQ:CONE) shareholders may be a little concerned to see that the Executive VP & CFO, Diane Morefield, recently sold a whopping US$1.0m worth of stock at a price of US$73.60 per share. That’s a big dump, and it decreased their holding size by 33%, which is notable but not too bad.
CyrusOne Insider Transactions Over The Last Year
The Interim President & CEO, Venkatesh Durvasula, made the biggest insider sale in the last 12 months. That single transaction was for US$2.1m worth of shares at a price of US$70.48 each. That means that an insider was selling shares at slightly below the current price (US$74.12). 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 only 16% of Venkatesh Durvasula’s holding.
CyrusOne insiders didn’t buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.6% of CyrusOne shares, worth about US$54m. 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 Does This Data Suggest About CyrusOne Insiders?
Insiders sold CyrusOne shares recently, but they didn’t buy any. Looking to the last twelve months, our data doesn’t show any insider buying. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. We’re in no rush to buy! So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. Case in point: We’ve spotted 2 warning signs for CyrusOne you should be aware of.
But note: CyrusOne 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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