Have Colliers International Group Insiders Been Selling Stock?

We wouldn't blame Colliers International Group Inc. (TSE:CIGI) shareholders if they were a little worried about the fact that Lewis Sutherland, the Independent Director recently netted about CA$1.3m selling shares at an average price of CA$198. That's a big disposal, and it decreased their holding size by 13%, which is notable but not too bad.

Check out our latest analysis for Colliers International Group

Colliers International Group Insider Transactions Over The Last Year

The Co-Chief Investment Officer, Zachary Michaud, made the biggest insider sale in the last 12 months. That single transaction was for CA$6.4m worth of shares at a price of CA$163 each. So it's clear an insider wanted to take some cash off the table, even below the current price of CA$201. 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. This single sale was 56% of Zachary Michaud's stake.

Over the last year we saw more insider selling of Colliers International Group shares, than buying. 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!

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Does Colliers International Group 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Colliers International Group insiders own about CA$1.4b worth of shares (which is 14% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Colliers International Group Insiders?

Insiders haven't bought Colliers International Group stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But it is good to see that Colliers International Group is growing earnings. 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Colliers International Group. Every company has risks, and we've spotted 3 warning signs for Colliers International Group (of which 1 doesn't sit too well with us!) you should know about.

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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.