This Insider Has Just Sold Shares In TMC the metals

We wouldn't blame TMC the metals company Inc. (NASDAQ:TMC) shareholders if they were a little worried about the fact that Craig Shesky, the Chief Financial Officer recently netted about US$586k selling shares at an average price of US$1.66. That sale reduced their total holding by 24% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At TMC the metals

Notably, that recent sale by Craig Shesky is the biggest insider sale of TMC the metals shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$1.79. 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 24% of Craig Shesky'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. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for TMC the metals

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Insider Ownership Of TMC the metals

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 8.3% of TMC the metals shares, worth about US$47m. 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 stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 5 warning signs for TMC the metals (3 don't sit too well with us) you should be aware of.

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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.