Have Insiders Sold TMC the metals Shares Recently?

Investors may wish to note that the Chief Development Officer of TMC the metals company Inc., Anthony O'Sullivan, recently netted US$69k from selling stock, receiving an average price of US$1.38. On the bright side, that's just a small sale and only reduced their holding by 7.8%.

View our latest analysis for TMC the metals

The Last 12 Months Of Insider Transactions At TMC the metals

In fact, the recent sale by Chief Development Officer Anthony O'Sullivan was not their only sale of TMC the metals shares this year. Earlier in the year, they fetched US$0.78 per share in a -US$179k sale. So it's clear an insider wanted to take some cash off the table, even below the current price of US$1.18. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 26% of Anthony O'Sullivan's holding.

Over the last year we saw more insider selling of TMC the metals shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does TMC the metals Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 7.3% of TMC the metals shares, worth about US$25m. 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 Do The TMC the metals Insider Transactions Indicate?

Insiders sold TMC the metals shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TMC the metals. To that end, you should learn about the 5 warning signs we've spotted with TMC the metals (including 2 which can't be ignored).

But note: TMC the metals 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 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.