Trade Alert: CEO & Executive Director Of Technip Energies Arnaud Pieton Has Sold Stock

Some Technip Energies N.V. (EPA:TE) shareholders may be a little concerned to see that the CEO & Executive Director, Arnaud Pieton, recently sold a substantial €2.2m worth of stock at a price of €31.42 per share. That sale reduced their total holding by 27% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At Technip Energies

Notably, that recent sale by CEO & Executive Director Arnaud Pieton was not the only time they sold Technip Energies shares this year. They previously made an even bigger sale of -€3.2m worth of shares at a price of €21.83 per share. That means that even when the share price was below the current price of €31.44, 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. This single sale was just 27% of Arnaud Pieton's stake.

Arnaud Pieton sold a total of 349.11k shares over the year at an average price of €24.85. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Technip Energies

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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. A high insider ownership often makes company leadership more mindful of shareholder interests. Technip Energies insiders own about €10m worth of shares. That equates to 0.2% 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.

So What Do The Technip Energies Insider Transactions Indicate?

An insider hasn't bought Technip Energies 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 since Technip Energies is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! 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 Technip Energies that deserve your attention before buying any shares.

But note: Technip Energies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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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.