Have Insiders Sold Flexsteel Industries Shares Recently?

Anyone interested in Flexsteel Industries, Inc. (NASDAQ:FLXS) should probably be aware that the Chief Information & Technology Officer, Michael McClaflin, recently divested US$122k worth of shares in the company, at an average price of US$46.75 each. On the bright side, that sale was only 7.2% of their holding, so we doubt it's very meaningful, on its own.

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The Last 12 Months Of Insider Transactions At Flexsteel Industries

Notably, that recent sale by Chief Information & Technology Officer Michael McClaflin was not the only time they sold Flexsteel Industries shares this year. Earlier in the year, they fetched US$58.00 per share in a -US$291k sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$48.94. So it may not tell us anything about how insiders feel about the current share price.

Michael McClaflin ditched 7.74k shares over the year. The average price per share was US$53.97. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Flexsteel Industries

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Does Flexsteel Industries Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 35% of Flexsteel Industries shares, worth about US$90m. 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 Flexsteel Industries Insiders?

An insider hasn't bought Flexsteel Industries 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. But since Flexsteel Industries is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Flexsteel Industries. Every company has risks, and we've spotted 2 warning signs for Flexsteel Industries you should know about.

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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.