We wouldn’t blame Apple Inc. (NASDAQ:AAPL) shareholders if they were a little worried about the fact that Chris Kondo, the Senior Director of Corporate Accounting recently netted about US$952k selling shares at an average price of US$217. That’s a big dump, and it decreased their holding size by 33.9%, which is notable but not too bad.
Apple Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, Johny Srouji, for US$3.0m worth of shares, at about US$216 per share. So what is clear is that an insider saw fit to sell at around the current price of US$203. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).
Over the last year, we note insiders sold 18516 shares worth US$4.0m. Apple insiders didn’t buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Apple insiders own about US$610m worth of shares (which is 0.07% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Apple Insiders?
An insider hasn’t bought Apple stock in the last three months, but there was some selling. And there weren’t any purchases to give us comfort, over the last year. On the plus side, Apple makes money, and is growing profits. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. Of course, the future is what matters most. So if you are interested in Apple, you should check out this free report on analyst forecasts for the company.
Of course Apple 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.
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