Some Robert Half International Inc. (NYSE:RHI) shareholders may be a little concerned to see that the Executive Vice President of Corporate Development, Robert Glass, recently sold a substantial US$589k worth of stock at a price of US$118 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 1.9%.
Robert Half International Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Executive Chairman, Harold Messmer, for US$8.1m worth of shares, at about US$81.33 per share. That means that an insider was selling shares at slightly below the current price (US$118). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 11% of Harold Messmer's holding.
In the last year Robert Half International insiders didn't buy any company stock. You can see the insider transactions (by companies and 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!
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).
Insider Ownership of Robert Half International
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. It's great to see that Robert Half International insiders own 2.9% of the company, worth about US$378m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Robert Half International Tell Us?
An insider hasn't bought Robert Half International stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since Robert Half International is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Robert Half International. In terms of investment risks, we've identified 1 warning sign with Robert Half International and understanding this should be part of your investment process.
Of course Robert Half International 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.
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.
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