With WD-40 Company's (NASDAQ:WDFC)) price down 6.9% this week, insiders might find some solace having sold US$13m worth of shares earlier this year.

Over the past year, insiders sold US$13m worth of WD-40 Company (NASDAQ:WDFC) stock at an average price of US$246 per share allowing them to get the most out of their money. The company's market worth decreased by US$221m over the past week after the stock price dropped 6.9%, although insiders were able to minimize their losses

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 WD-40

The Last 12 Months Of Insider Transactions At WD-40

The Chairman & CEO, Garry Ridge, made the biggest insider sale in the last 12 months. That single transaction was for US$12m worth of shares at a price of US$255 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$219). So it may not tell us anything about how insiders feel about the current share price.

WD-40 insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and 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 are like me, then you will not want to miss this free list of growing companies that insiders are buying.

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. I reckon it's a good sign if insiders own a significant number of shares in the company. WD-40 insiders own about US$33m worth of shares. That equates to 1.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About WD-40 Insiders?

The fact that there have been no WD-40 insider transactions recently certainly doesn't bother us. Our analysis of WD-40 insider transactions leaves us cautious. But we do like the fact that insiders own a fair chunk of the company. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for WD-40.

But note: WD-40 may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.