Have Apogee Enterprises Insiders Been Selling Stock?

Anyone interested in Apogee Enterprises, Inc. (NASDAQ:APOG) should probably be aware that the President of Architectural Glass Segment, Brent Jewell, recently divested US$322k worth of shares in the company, at an average price of US$64.34 each. The eyebrow raising move amounted to a reduction of 18% in their holding.

View our latest analysis for Apogee Enterprises

Apogee Enterprises Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Independent Director, Lloyd Johnson, for US$1.5m worth of shares, at about US$63.13 per share. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$63.62. 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. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was 89% of Lloyd Johnson's holding.

In the last year Apogee Enterprises insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Apogee Enterprises insiders own 2.1% of the company, worth about US$30m. 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 Does This Data Suggest About Apogee Enterprises Insiders?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. On the plus side, Apogee Enterprises makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Apogee Enterprises you should know about.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com