UK markets open in 2 hours 3 minutes
  • NIKKEI 225

    27,928.18
    +353.75 (+1.28%)
     
  • HANG SENG

    19,820.80
    +370.57 (+1.91%)
     
  • CRUDE OIL

    72.16
    +0.70 (+0.98%)
     
  • GOLD FUTURES

    1,809.70
    +8.20 (+0.46%)
     
  • DOW

    33,781.48
    +183.56 (+0.55%)
     
  • BTC-GBP

    14,044.25
    +253.79 (+1.84%)
     
  • CMC Crypto 200

    406.01
    +11.33 (+2.87%)
     
  • ^IXIC

    11,082.00
    +123.45 (+1.13%)
     
  • ^FTAS

    4,082.24
    -11.44 (-0.28%)
     

The Goldman Sachs Group, Inc. (NYSE:GS) insiders who sold US$18m worth of stock earlier this year are probably glad they did so as market cap slides to US$98b

By selling US$18m worth of The Goldman Sachs Group, Inc. (NYSE:GS) stock at an average sell price of US$380 over the last year, insiders seemed to have made the most of their holdings. After the stock price dropped 6.2% last week, the company's market value declined by US$6.5b, but insiders were able to mitigate their losses.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Goldman Sachs Group

The Last 12 Months Of Insider Transactions At Goldman Sachs Group

Over the last year, we can see that the biggest insider sale was by the Non-Executive Director, David Viniar, for US$7.0m worth of shares, at about US$411 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$301). So it is hard to draw any strong conclusion from it.

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

insider-trading-volume
insider-trading-volume

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insiders At Goldman Sachs Group Have Sold Stock Recently

The last three months saw significant insider selling at Goldman Sachs Group. Specifically, Global Treasurer Philip Berlinski ditched US$2.8m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.

Insider Ownership Of Goldman Sachs Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Goldman Sachs Group insiders own 0.5% of the company, worth about US$500m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Goldman Sachs Group Tell Us?

An insider hasn't bought Goldman Sachs Group 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. It is good to see high insider ownership, but the insider selling leaves us cautious. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 2 warning signs for Goldman Sachs Group that deserve your attention before buying any shares.

Of course Goldman Sachs Group 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here