We wouldn’t blame IQVIA Holdings Inc. (NYSE:IQV) shareholders if they were a little worried about the fact that Kevin Knightly, the President of Information & Technology Solutions recently netted about US$1.1m selling shares at an average price of US$159. That sale reduced their total holding by 45.4% which is hardly insignificant, but far from the worst we’ve seen.
IQVIA Holdings Insider Transactions Over The Last Year
Notably, that recent sale by Kevin Knightly is the biggest insider sale of IQVIA Holdings shares that we’ve seen in the last year. So we know that an insider sold shares at around the present share price of US$157. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).
We note that in the last year insiders divested 13921 shares for a total of US$2.0m. Insiders in IQVIA Holdings didn’t buy any shares in the last year. You can see a visual depiction of insider transactions (by 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!
Insider Ownership of IQVIA Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. IQVIA Holdings insiders own about US$235m worth of shares (which is 0.8% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The IQVIA Holdings Insider Transactions Indicate?
An insider sold stock recently, but they haven’t been buying. And even if we look to the last year, we didn’t see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for IQVIA Holdings.
But note: IQVIA Holdings 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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