President of Specialty Sports Group Christopher Tutton Sold A Bunch Of Shares In Fox Factory Holding

Anyone interested in Fox Factory Holding Corp. (NASDAQ:FOXF) should probably be aware that the President of Specialty Sports Group, Christopher Tutton, recently divested US$202k worth of shares in the company, at an average price of US$40.41 each. In particular, we note that the sale equated to a 86% reduction in their position size, which doesn't exactly instill confidence.

Check out our latest analysis for Fox Factory Holding

Fox Factory Holding Insider Transactions Over The Last Year

The CEO & Director Michael Dennison made the biggest insider purchase in the last 12 months. That single transaction was for US$498k worth of shares at a price of US$44.30 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$41.21). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months insiders purchased 21.05k shares for US$892k. But insiders sold 13.73k shares worth US$817k. In total, Fox Factory Holding insiders bought more than they sold over the last year. 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!

Fox Factory Holding is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.4% of Fox Factory Holding shares, worth about US$6.4m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Fox Factory Holding Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Fox Factory Holding stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Fox Factory Holding. When we did our research, we found 3 warning signs for Fox Factory Holding (1 is significant!) that we believe deserve your full attention.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.