Yahoo Finance Senior VP & COO Daniel Giesecke Just Sold A Bunch Of Shares In Knowles Corporation (NYSE:KN)
Anyone interested in Knowles Corporation (NYSE:KN) should probably be aware that the Senior VP & COO, Daniel Giesecke, recently divested US$471k worth of shares in the company, at an average price of US$20.85 each. The eyebrow raising move amounted to a reduction of 35% in their holding.
View our latest analysis for Knowles
The Last 12 Months Of Insider Transactions At Knowles
In the last twelve months, the biggest single sale by an insider was when the President of Performance Audio, Christian Scherp, sold US$523k worth of shares at a price of US$20.93 per share. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$21.27. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 40% of Christian Scherp's stake.
We note that in the last year insiders divested 97851 shares for a total of US$2.0m. Knowles insiders didn't buy any shares over the last year. You can see the insider transactions (by 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!
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).
Insider Ownership of Knowles
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Knowles insiders own 1.3% of the company, worth about US$26m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Knowles Insiders?
Insiders haven't bought Knowles stock in the last three months, but there was some selling. And even if we look to the last year, we didn't see any purchases. But it is good to see that Knowles is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.