99% Of This Perrigo Insider's Holdings Were Sold

From what we can see, insiders were net sellers in Perrigo Company plc's (NYSE:PRGO ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Perrigo

Perrigo Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Murray Kessler, for US$7.1m worth of shares, at about US$35.75 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$30.49. So it is hard to draw any strong conclusion from it. Murray Kessler was the only individual insider to sell shares in the last twelve months.

In the last twelve months insiders purchased 56.40k shares for US$1.7m. But insiders sold 197.65k shares worth US$7.1m. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Perrigo Insiders Bought Stock Recently

Over the last quarter, Perrigo insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$526k worth of shares. This is a positive in our book as it implies some confidence.

Insider Ownership Of Perrigo

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.5% of Perrigo shares, worth about US$21m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Perrigo Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but Perrigo insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. So they seem pretty well aligned, overall. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 1 warning sign for Perrigo you should know about.

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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.