We’d be surprised if Qurate Retail, Inc. (NASDAQ:QRTE.A) shareholders haven’t noticed that the Chief Corporate Development Officer, Albert Rosenthaler, recently sold US$491k worth of stock at US$8.32 per share. The eyebrow raising move amounted to a reduction of 26% in their holding.
The Last 12 Months Of Insider Transactions At Qurate Retail
In the last twelve months, the biggest single purchase by an insider was when President Michael George bought US$3.1m worth of shares at a price of US$12.86 per share. That means that even when the share price was higher than US$8.17 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. To us, it’s very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months insiders purchased 394.57k shares for US$4.9m. On the other hand they divested 58992 shares, for US$491k. In total, Qurate Retail insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Qurate Retail is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Qurate Retail insiders own 9.0% of the company, currently worth about US$305m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Qurate Retail Tell Us?
An insider sold Qurate Retail shares recently, but they didn’t buy any. But we take heart from prior transactions. And insider ownership remains quite considerable. So the recent selling doesn’t worry us. Of course, the future is what matters most. So if you are interested in Qurate Retail, you should check out this free report on analyst forecasts for the company.
Of course Qurate Retail 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.
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