Some The Interpublic Group of Companies, Inc. (NYSE:IPG) shareholders may be a little concerned to see that the , H. Greeniaus, recently sold a whopping US$1.0m worth of stock at a price of US$23.02 per share. That diminished their holding by a very significant 51.5%, which arguably implies a strong desire to reallocate capital.
Interpublic Group of Companies Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Chairman & CEO, Michael Roth, for US$4.6m worth of shares, at about US$22.95 per share. So we know that an insider sold shares at around the present share price of US$21.77. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.
In the last twelve months insiders purchased 17300 shares for US$400k. On the other hand they divested 465k shares, for US$11m. In total, Interpublic Group of Companies insiders sold more than they bought over the last year. You can see the insider transactions (by 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!
Does Interpublic Group of Companies 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Interpublic Group of Companies insiders own 0.7% of the company, worth about US$58m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Interpublic Group of Companies Tell Us?
An insider sold Interpublic Group of Companies shares recently, but they didn’t buy any. And our longer term analysis of insider transactions didn’t bring confidence, either. But it is good to see that Interpublic Group of Companies is growing earnings. While insiders do own shares, they don’t own a heap, and they have been selling. We’re in no rush to buy! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Interpublic Group of Companies.
Of course Interpublic Group of Companies 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, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.