Trade Alert: VP & Group President of Allied Orion Group Of Allient Ashish Bendre Has Sold Stock

We wouldn't blame Allient Inc. (NASDAQ:ALNT) shareholders if they were a little worried about the fact that Ashish Bendre, the VP & Group President of Allied Orion Group recently netted about US$836k selling shares at an average price of US$52.25. That sale reduced their total holding by 40% which is hardly insignificant, but far from the worst we've seen.

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Allient Insider Transactions Over The Last Year

In fact, the recent sale by Ashish Bendre was the biggest sale of Allient shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (US$53.86). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 40% of Ashish Bendre's holding.

Insiders in Allient 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Allient

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).

Does Allient Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Allient insiders own 13% of the company, worth about US$115m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Allient Insiders?

An insider hasn't bought Allient stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But it is good to see that Allient is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Allient (of which 1 shouldn't be ignored!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.