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Korn Ferry Executive VP Robert Rozek Sells 32% Of Holding
Some Korn Ferry (NYSE:KFY) shareholders may be a little concerned to see that the Executive VP, Robert Rozek, recently sold a substantial US$2.9m worth of stock at a price of US$72.76 per share. That sale reduced their total holding by 32% which is hardly insignificant, but far from the worst we've seen.
The Last 12 Months Of Insider Transactions At Korn Ferry
In the last twelve months, the biggest single sale by an insider was when the President, Gary Burnison, sold US$7.3m worth of shares at a price of US$74.05 per share. That means that an insider was selling shares at around the current price of US$73.15. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last year Korn Ferry insiders didn't buy any company stock. 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!
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Insider Ownership Of Korn Ferry
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 Korn Ferry insiders own 1.0% of the company, worth about US$39m. 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 Korn Ferry Insiders?
An insider hasn't bought Korn Ferry stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. On the plus side, Korn Ferry makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Korn Ferry.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
About NYSE:KFY
Korn Ferry
Engages in the provision of organizational consulting services worldwide.
Flawless balance sheet, undervalued and pays a dividend.
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