TomTom Insider Lowered Holding By 65% During Last Year

Insiders were net sellers of TomTom N.V.'s (AMS:TOM2 ) stock during the past year. That is, insiders sold more stock than they bought.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for TomTom

The Last 12 Months Of Insider Transactions At TomTom

In the last twelve months, the biggest single sale by an insider was when the Member of Management Board & CFO, Taco J. Titulaer, sold €374k worth of shares at a price of €7.71 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is €6.10. So it is hard to draw any strong conclusion from it. Taco J. Titulaer was the only individual insider to sell shares in the last twelve months.

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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of TomTom

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that TomTom insiders own 51% of the company, worth about €404m. 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 TomTom Insiders?

It doesn't really mean much that no insider has traded TomTom shares in the last quarter. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of TomTom insider transactions don't fill us with confidence. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for TomTom.

But note: TomTom 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.