Independent Director Sandra Macquillan Just Sold A Bunch Of Shares In Trimble Inc. (NASDAQ:TRMB)

By
Simply Wall St
Published
February 17, 2022
NasdaqGS:TRMB
Source: Shutterstock

We wouldn't blame Trimble Inc. (NASDAQ:TRMB) shareholders if they were a little worried about the fact that Sandra Macquillan, the Independent Director recently netted about US$698k selling shares at an average price of US$66.44. That diminished their holding by a very significant 62%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for Trimble

The Last 12 Months Of Insider Transactions At Trimble

Over the last year, we can see that the biggest insider sale was by the Executive Chairman of the Board, Steven Berglund, for US$15m worth of shares, at about US$93.65 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$68.59). So it is hard to draw any strong conclusion from it.

Insiders in Trimble didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NasdaqGS:TRMB Insider Trading Volume February 17th 2022

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Trimble insiders own about US$64m worth of shares. That equates to 0.4% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Trimble Tell Us?

Insiders haven't bought Trimble 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 Trimble is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Trimble. Every company has risks, and we've spotted 2 warning signs for Trimble 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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