This Insider Has Just Sold Shares In Forrester Research, Inc. (NASDAQ:FORR)

By
Simply Wall St
Published
May 14, 2022
NasdaqGS:FORR
Source: Shutterstock

We'd be surprised if Forrester Research, Inc. (NASDAQ:FORR) shareholders haven't noticed that the Independent Director, David Boyce, recently sold US$101k worth of stock at US$50.53 per share. The eyebrow raising move amounted to a reduction of 24% in their holding.

View our latest analysis for Forrester Research

Forrester Research Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Independent Director Neil Bradford bought US$204k worth of shares at a price of US$45.94 per share. So it's clear an insider wanted to buy, at around the current price, which is US$50.39. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Neil Bradford.

In total, Forrester Research insiders sold more than they bought over 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!

insider-trading-volume
NasdaqGS:FORR Insider Trading Volume May 14th 2022

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Forrester Research Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Forrester Research insiders own about US$391m worth of shares (which is 41% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Forrester Research Insiders?

An insider sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that Forrester Research 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. Case in point: We've spotted 1 warning sign for Forrester Research you should be aware of.

Of course Forrester Research 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, but not derivative transactions.

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