This Insider Has Just Sold Shares In Target

Some Target Corporation (NYSE:TGT) shareholders may be a little concerned to see that the Chairman of the Board & CEO, Brian Cornell, recently sold a substantial US$4.3m worth of stock at a price of US$96.18 per share. That's a big disposal, and it decreased their holding size by 11%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Target

Notably, that recent sale by Chairman of the Board & CEO Brian Cornell was not the only time they sold Target shares this year. Earlier in the year, they fetched US$159 per share in a -US$7.1m sale. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$94.01. So it is hard to draw any strong conclusion from it.

In the last year Target 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!

See our latest analysis for Target

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Insider Ownership Of Target

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Target insiders own 0.2% of the company, worth about US$73m. 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 Do The Target Insider Transactions Indicate?

Insiders haven't bought Target stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Target is growing earnings. 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. Case in point: We've spotted 3 warning signs for Target you should be aware of, and 1 of them is potentially serious.

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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.