We note that a Trimble Inc. (NASDAQ:TRMB) insider, Ronald Bisio, recently sold US$38k worth of stock for US$38.20 per share. On the bright side, that’s just a small sale and only reduced their holding by 7.8%.
The Last 12 Months Of Insider Transactions At Trimble
Over the last year, we can see that the biggest insider sale was by the President, Steven Berglund, for US$4.2m worth of shares, at about US$42.15 per share. So we know that an insider sold shares at around the present share price of US$38.88. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last twelve months insiders netted US$8.8m for 215k shares sold. Insiders in Trimble didn’t buy any shares in the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Does Trimble Boast High 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. Trimble insiders own about US$45m worth of shares. That equates to 0.5% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Trimble Insiders?
Insiders sold Trimble shares recently, but they didn’t buy any. Looking to the last twelve months, our data doesn’t show any insider buying. But since Trimble is profitable and growing, we’re not too worried by this. While insiders do own shares, they don’t own a heap, and they have been selling. So we’d only buy after careful consideration. Of course, the future is what matters most. So if you are interested in Trimble, you should check out this free report on analyst forecasts for the company.
But note: Trimble may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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