Numerous Thermon Group Holdings Insiders Sold Stock: Not A Positive Omen

Thermon Group Holdings, Inc. (NYSE:THR) shareholders may have reason to be concerned, as several insiders sold their shares over the past year. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, if numerous insiders are selling, shareholders should investigate more.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

We check all companies for important risks. See what we found for Thermon Group Holdings in our free report.

The Last 12 Months Of Insider Transactions At Thermon Group Holdings

The insider, John Nesser, made the biggest insider sale in the last 12 months. That single transaction was for US$202k worth of shares at a price of US$34.75 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$26.28. So it is hard to draw any strong conclusion from it.

In total, Thermon Group Holdings insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Thermon Group Holdings

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Thermon Group Holdings Insiders Bought Stock Recently

We saw some Thermon Group Holdings insider buying shares in the last three months. Senior Vice President of Global Sales Thomas Cerovski bought US$14k worth of shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. However, in this case the amount invested recently is quite small.

Insider Ownership Of Thermon Group Holdings

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Thermon Group Holdings insiders own about US$19m worth of shares. That equates to 2.2% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Thermon Group Holdings Insiders?

Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. We don't take much encouragement from the transactions by Thermon Group Holdings insiders. But we do like the fact that insiders own a fair chunk of the company. Of course, the future is what matters most. So if you are interested in Thermon Group Holdings, you should check out this free report on analyst forecasts for the company.

Of course Thermon Group Holdings 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.