Non-Executive Director Jean Cahuzac Sold A Bunch Of Shares In Subsea 7

We wouldn't blame Subsea 7 S.A. (OB:SUBC) shareholders if they were a little worried about the fact that Jean Cahuzac, the Non-Executive Director recently netted about kr5.5m selling shares at an average price of kr170. That sale reduced their total holding by 26% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Subsea 7

The Last 12 Months Of Insider Transactions At Subsea 7

In fact, the recent sale by Non-Executive Director Jean Cahuzac was not their only sale of Subsea 7 shares this year. Earlier in the year, they fetched kr184 per share in a -kr14m sale. That means that an insider was selling shares at around the current price of kr177. While we don't usually like to see insider selling, it's more concerning if the sales take place 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).

Insiders in Subsea 7 didn't buy any shares in the last year. 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!

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

Insider Ownership

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Subsea 7 insiders own about kr65m worth of shares (which is 0.1% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Subsea 7 Insider Transactions Indicate?

Insiders haven't bought Subsea 7 stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Subsea 7 makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Subsea 7. You'd be interested to know, that we found 2 warning signs for Subsea 7 and we suggest you have a look.

But note: Subsea 7 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.