Trade Alert: President Of Atkore William Waltz Has Sold Stock

Some Atkore Inc. (NYSE:ATKR) shareholders may be a little concerned to see that the President, William Waltz, recently sold a substantial US$11m worth of stock at a price of US$93.95 per share. That diminished their holding by a very significant 60%, which arguably implies a strong desire to reallocate capital.

View our latest analysis for Atkore

The Last 12 Months Of Insider Transactions At Atkore

In fact, the recent sale by William Waltz was the biggest sale of Atkore shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$93.88. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Atkore insiders didn't buy any company stock. 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!

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Does Atkore Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Atkore insiders own 1.0% of the company, worth about US$33m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Atkore Tell Us?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Atkore. Every company has risks, and we've spotted 2 warning signs for Atkore (of which 1 is significant!) you should know about.

Of course Atkore may not be the best stock to buy. So you may wish to see this free collection of high quality 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.