This Insider Has Just Sold Shares In Triple Flag Precious Metals

We wouldn't blame Triple Flag Precious Metals Corp. (TSE:TFPM) shareholders if they were a little worried about the fact that Sheldon Vanderkooy, the CEO & Director recently netted about CA$1.3m selling shares at an average price of CA$25.51. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 3.7%.

See our latest analysis for Triple Flag Precious Metals

Triple Flag Precious Metals Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Shaun Usmar, sold CA$3.4m worth of shares at a price of CA$21.34 per share. That means that even when the share price was below the current price of CA$27.18, 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. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 5.8% of Shaun Usmar's holding.

In the last year Triple Flag Precious Metals insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Triple Flag Precious Metals Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Triple Flag Precious Metals insiders own about CA$116m worth of shares. That equates to 2.1% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Triple Flag Precious Metals Tell Us?

An insider sold Triple Flag Precious Metals shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. 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. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Triple Flag Precious Metals that deserve your attention before buying any shares.

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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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.