Ultra Clean Holdings CFO & Senior VP of Finance Sheri Savage Sells 38% Of Holding

Some Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shareholders may be a little concerned to see that the CFO & Senior VP of Finance, Sheri Savage, recently sold a substantial US$832k worth of stock at a price of US$46.18 per share. That sale reduced their total holding by 38% which is hardly insignificant, but far from the worst we've seen.

Check out our latest analysis for Ultra Clean Holdings

Ultra Clean Holdings Insider Transactions Over The Last Year

In fact, the recent sale by Sheri Savage was the biggest sale of Ultra Clean Holdings shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below the current price (US$48.06). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 38% of Sheri Savage's holding.

Insiders in Ultra Clean Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and 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!

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 Ultra Clean Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Ultra Clean Holdings insiders own about US$46m worth of shares. That equates to 2.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Ultra Clean Holdings Tell Us?

Insiders sold Ultra Clean Holdings shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ultra Clean Holdings. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Ultra Clean Holdings.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com