Have Plexus Insiders Been Selling Stock?

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We'd be surprised if Plexus Corp. (NASDAQ:PLXS) shareholders haven't noticed that the Executive VP & CFO, Patrick Jermain, recently sold US$284k worth of stock at US$130 per share. However, the silver lining is that the sale only reduced their total holding by 7.4%, so we're hesitant to read anything much into it, on its own.

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Plexus Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Executive VP & COO, Oliver Mihm, for US$1.7m worth of shares, at about US$167 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. The good news is that this large sale was at well above current price of US$130. So it is hard to draw any strong conclusion from it.

Insiders in Plexus didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does Plexus Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Plexus insiders own 1.7% of the company, worth about US$58m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Plexus Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But since Plexus is profitable and growing, we're not too worried by this. 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. You'd be interested to know, that we found 1 warning sign for Plexus and we suggest you have a look.

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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.