Have Plexus Corp. (NASDAQ:PLXS) Insiders Been Selling Their Stock?

By
Simply Wall St
Published
November 12, 2020
NasdaqGS:PLXS

We'd be surprised if Plexus Corp. (NASDAQ:PLXS) shareholders haven't noticed that the Executive VP & CFO, Patrick Jermain, recently sold US$290k worth of stock at US$74.99 per share. On the bright side, that sale was only 8.5% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for Plexus

The Last 12 Months Of Insider Transactions At Plexus

In the last twelve months, the biggest single sale by an insider was when the Non-Executive Chairman, Dean Foate, sold US$678k worth of shares at a price of US$77.08 per share. So we know that an insider sold shares at around the present share price of US$74.85. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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).

Plexus insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NasdaqGS:PLXS Insider Trading Volume November 12th 2020

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

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. Insiders own 2.3% of Plexus shares, worth about US$51m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Plexus Tell Us?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But it is good to see that Plexus is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Plexus. Every company has risks, and we've spotted 1 warning sign for Plexus you should know about.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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