Trade Alert: Independent Director Of Colliers International Group Katherine Lee Has Sold Stock

Some Colliers International Group Inc. (TSE:CIGI) shareholders may be a little concerned to see that the Independent Director, Katherine Lee, recently sold a substantial CA$1.8m worth of stock at a price of CA$151 per share. That's a big disposal, and it decreased their holding size by 29%, which is notable but not too bad.

See our latest analysis for Colliers International Group

Colliers International Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Co-Chief Investment Officer, Zachary Michaud, sold CA$6.4m worth of shares at a price of CA$163 per share. So what is clear is that an insider saw fit to sell at around the current price of CA$153. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Over the last year we saw more insider selling of Colliers International Group shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of Colliers International Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Colliers International Group insiders own 14% of the company, currently worth about CA$1.1b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

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

Insiders sold stock recently, but they haven't been buying. 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. Case in point: We've spotted 3 warning signs for Colliers International Group you should be aware of, and 1 of these is potentially serious.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com