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The VP, Controller & Chief Accounting Officer of Oil States International, Inc. (NYSE:OIS), Brian Taylor, Just Sold 25% Of Their Holding
We'd be surprised if Oil States International, Inc. (NYSE:OIS) shareholders haven't noticed that the VP, Controller & Chief Accounting Officer, Brian Taylor, recently sold US$113k worth of stock at US$7.75 per share. That sale was 25% of their holding, so it does make us raise an eyebrow.
See our latest analysis for Oil States International
The Last 12 Months Of Insider Transactions At Oil States International
The Executive Vice President of Human Resources & Legal, Lias Steen, made the biggest insider sale in the last 12 months. That single transaction was for US$249k worth of shares at a price of US$16.62 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$7.91. So it may not tell us anything about how insiders feel about the current share price.
In the last year Oil States International insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. 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 Oil States International
For a common shareholder, it is worth checking how many shares are held by company 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. Oil States International insiders own about US$17m worth of shares. That equates to 3.5% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Oil States International Insiders?
Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Oil States International.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
About NYSE:OIS
Oil States International
Through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide.
Flawless balance sheet and good value.