Independent Non-Executive Director Pamela M. Klein Sold A Bunch Of Shares In argenx

We wouldn't blame argenx SE (EBR:ARGX) shareholders if they were a little worried about the fact that Pamela M. Klein, the Independent Non-Executive Director recently netted about €1.9m selling shares at an average price of €470. Probably the most concerning element of the whole transaction is that the disposal amounted to 91% of their entire holding.

Check out our latest analysis for argenx

The Last 12 Months Of Insider Transactions At argenx

Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, Peter K. Verhaeghe, for €3.8m worth of shares, at about €489 per share. So we know that an insider sold shares at around the present share price of €468. While insider selling is a negative, to us, it is more negative if the shares are sold 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.

Insiders in argenx didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like argenx better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does argenx Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. argenx insiders own about €186m worth of shares (which is 0.7% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At argenx Tell Us?

An insider hasn't bought argenx stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing argenx. You'd be interested to know, that we found 3 warning signs for argenx and we suggest you have a look.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 of direct interests only, but not derivative transactions or indirect interests.

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