This Insider Has Just Sold Shares In Workiva

Some Workiva Inc. (NYSE:WK) shareholders may be a little concerned to see that the Executive VP, Jill Klindt, recently sold a substantial US$522k worth of stock at a price of US$67.10 per share. That's a big disposal, and it decreased their holding size by 15%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Workiva

In the last twelve months, the biggest single sale by an insider was when the Independent Director, Suku Radia, sold US$2.4m worth of shares at a price of US$95.00 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$66.53. So it is hard to draw any strong conclusion from it.

Over the last year we saw more insider selling of Workiva shares, than buying. 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!

See our latest analysis for Workiva

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Insider Ownership Of Workiva

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Workiva insiders own about US$397m worth of shares (which is 11% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Workiva Tell Us?

Insiders haven't bought Workiva stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Workiva has 2 warning signs (1 shouldn't be ignored!) that deserve your attention before going any further with your analysis.

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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.