This Insider Has Just Sold Shares In Tyler Technologies

We wouldn't blame Tyler Technologies, Inc. (NYSE:TYL) shareholders if they were a little worried about the fact that Brian Miller, the Executive VP & CFO recently netted about US$1.0m selling shares at an average price of US$577. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 4.5%.

We've discovered 1 warning sign about Tyler Technologies. View them for free.

Tyler Technologies Insider Transactions Over The Last Year

Notably, that recent sale by Brian Miller is the biggest insider sale of Tyler Technologies shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$567. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Tyler Technologies insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Tyler Technologies

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Does Tyler Technologies Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Tyler Technologies insiders own 0.5% of the company, worth about US$117m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Tyler Technologies Insiders?

Insiders haven't bought Tyler Technologies 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 Tyler Technologies is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Tyler Technologies that deserve your attention before buying any shares.

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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.