Technip Energies CEO & Executive Director Arnaud Pieton Sells 27% Of Holding

We wouldn't blame Technip Energies N.V. (EPA:TE) shareholders if they were a little worried about the fact that Arnaud Pieton, the CEO & Executive Director recently netted about €3.2m selling shares at an average price of €21.83. That sale reduced their total holding by 27% which is hardly insignificant, but far from the worst we've seen.

Check out our latest analysis for Technip Energies

The Last 12 Months Of Insider Transactions At Technip Energies

In fact, the recent sale by Arnaud Pieton was the biggest sale of Technip Energies shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of €20.84. 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).

Happily, we note that in the last year insiders paid €280k for 14.19k shares. On the other hand they divested 240.00k shares, for €5.3m. Arnaud Pieton divested 240.00k shares over the last 12 months at an average price of €21.91. You can see the insider transactions (by companies and 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!

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Does Technip Energies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Technip Energies insiders own about €23m worth of shares. That equates to 0.6% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Technip Energies Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. But since Technip Energies is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 2 warning signs with Technip Energies and understanding these should be part of your investment process.

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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.