Have IDEXX Laboratories, Inc. (NASDAQ:IDXX) Insiders Been Selling Their Stock?

By
Simply Wall St
Published
February 19, 2022
NasdaqGS:IDXX
Source: Shutterstock

We'd be surprised if IDEXX Laboratories, Inc. (NASDAQ:IDXX) shareholders haven't noticed that the Senior Advisor & Director, Jonathan Ayers, recently sold US$127k worth of stock at US$510 per share. On the bright side, that sale was only 0.04% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for IDEXX Laboratories

IDEXX Laboratories Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Senior VP & Chief Human Resources Officer, Giovani Twigge, sold US$7.1m worth of shares at a price of US$701 per share. 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$489. So it is hard to draw any strong conclusion from it.

IDEXX Laboratories insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NasdaqGS:IDXX Insider Trading Volume February 19th 2022

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of IDEXX Laboratories

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. IDEXX Laboratories insiders own about US$402m worth of shares (which is 1.0% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The IDEXX Laboratories Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, IDEXX Laboratories makes money, and is growing profits. 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 IDEXX Laboratories. Case in point: We've spotted 3 warning signs for IDEXX Laboratories you should be aware of.

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.

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