Senior Vice President of Global Operations Justin Dougherty Sold A Bunch Of Shares In Cirrus Logic

We'd be surprised if Cirrus Logic, Inc. (NASDAQ:CRUS) shareholders haven't noticed that the Senior Vice President of Global Operations, Justin Dougherty, recently sold US$384k worth of stock at US$100 per share. The eyebrow raising move amounted to a reduction of 38% in their holding.

We've discovered 1 warning sign about Cirrus Logic. View them for free.

Cirrus Logic Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Vice President of Worldwide Sales, Andrew Brannan, for US$592k worth of shares, at about US$136 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. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$107. So it may not shed much light on insider confidence at current levels.

In the last year Cirrus Logic insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Cirrus Logic

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does Cirrus Logic Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Cirrus Logic insiders own 0.6% of the company, worth about US$34m. 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 Cirrus Logic Insider Transactions Indicate?

An insider hasn't bought Cirrus Logic stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Cirrus Logic is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Cirrus Logic has 1 warning sign we think you should be aware of.

Of course Cirrus Logic 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.