Carnival Corporation & Insider Lowered Holding By 27% During Last Year

Viewing insider transactions for Carnival Corporation & plc's (NYSE:CCL ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Carnival Corporation &

The Last 12 Months Of Insider Transactions At Carnival Corporation &

The CFO & Chief Accounting Officer, David Bernstein, made the biggest insider sale in the last 12 months. That single transaction was for US$1.2m worth of shares at a price of US$11.08 each. That means that an insider was selling shares at slightly below the current price (US$15.73). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 27% of David Bernstein's stake. The only individual insider seller over the last year was David Bernstein.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, 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).

Does Carnival Corporation & 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. It's great to see that Carnival Corporation & insiders own 9.9% of the company, worth about US$1.9b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Carnival Corporation & Insider Transactions Indicate?

The fact that there have been no Carnival Corporation & insider transactions recently certainly doesn't bother us. While we feel good about high insider ownership of Carnival Corporation &, we can't say the same about the selling of shares. Of course, the future is what matters most. So if you are interested in Carnival Corporation &, you should check out this free report on analyst forecasts for the company.

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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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.