Senior VP Of Corteva Sold 27% Of Their Shares

Some Corteva, Inc. (NYSE:CTVA) shareholders may be a little concerned to see that the Senior VP, Cornel Fuerer, recently sold a substantial US$2.6m worth of stock at a price of US$68.06 per share. That's a big disposal, and it decreased their holding size by 27%, which is notable but not too bad.

Our free stock report includes 1 warning sign investors should be aware of before investing in Corteva. Read for free now.

Corteva Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the CEO & Director, Charles Magro, sold US$3.0m worth of shares at a price of US$63.82 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$68.61. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 26% of Charles Magro's holding.

Insiders in Corteva didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Corteva

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Corteva insiders own about US$58m worth of shares. That equates to 0.1% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Corteva Insiders?

Insiders haven't bought Corteva stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since Corteva is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Corteva that deserve your attention before buying any shares.

Of course Corteva may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.