Have Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Insiders Been Selling Their Stock?

By
Simply Wall St
Published
May 15, 2022
NYSE:RBA
Source: Shutterstock

We'd be surprised if Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) shareholders haven't noticed that an insider, James Jeter, recently sold US$130k worth of stock at US$61.73 per share. However, the silver lining is that the sale only reduced their total holding by 8.5%, so we're hesitant to read anything much into it, on its own.

View our latest analysis for Ritchie Bros. Auctioneers

The Last 12 Months Of Insider Transactions At Ritchie Bros. Auctioneers

In the last twelve months, the biggest single purchase by an insider was when CEO & Director Ann Fandozzi bought US$499k worth of shares at a price of US$52.25 per share. We do like to see buying, but this purchase was made at well below the current price of US$61.86. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Ann Fandozzi purchased 19.12k shares over the year. The average price per share was US$52.25. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NYSE:RBA Insider Trading Volume May 15th 2022

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Ritchie Bros. Auctioneers

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.1% of Ritchie Bros. Auctioneers shares, worth about US$9.2m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Ritchie Bros. Auctioneers Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Ritchie Bros. Auctioneers insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ritchie Bros. Auctioneers. At Simply Wall St, we found 2 warning signs for Ritchie Bros. Auctioneers that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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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