Have Insiders Sold Civeo Corporation (NYSE:CVEO) Shares Recently?

Investors may wish to note that the Senior Vice President of Australia of Civeo Corporation, Peter McCann, recently netted US$56k from selling stock, receiving an average price of US$1.40. It wasn't a huge sale, but it did reduce their holding by 10.5%. This does not instill confidence.

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The Last 12 Months Of Insider Transactions At Civeo

In fact, the recent sale by Senior Vice President of Australia Peter McCann was not their only sale of Civeo shares this year. Earlier in the year, they fetched US$1.40 per share in a -US$56.0k sale. That means that an insider was selling shares at around the current price of US$1.39. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Insider Ownership of Civeo

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 2.8% of Civeo shares, worth about US$6.6m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Civeo Insider Transactions Indicate?

An insider sold Civeo shares recently, but they didn't buy any. And even if we look to the last year, we didn't see any purchases. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. We'd certainly think twice before buying! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Civeo.

Of course Civeo 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.