Yahoo Finance The Executive VP & Chief Commercial Officer of Corteva, Inc. (NYSE:CTVA), Timothy Glenn, Just Bought 6.7% More Shares
Potential Corteva, Inc. (NYSE:CTVA) shareholders may wish to note that the Executive VP & Chief Commercial Officer, Timothy Glenn, recently bought US$149k worth of stock, paying US$29.77 for each share. Although the purchase only increased their holding by 6.7%, it is still a solid purchase in our view.
See our latest analysis for Corteva
The Last 12 Months Of Insider Transactions At Corteva
In the last twelve months, the biggest single purchase by an insider was when Director Klaus Engel bought US$552k worth of shares at a price of US$30.00 per share. That implies that an insider found the current price of US$31.59 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Corteva share holders is that insiders were buying at near the current price.
Over the last year, we can see that insiders have bought 58.22k shares worth US$1.6m. On the other hand they divested 90 shares, for US$2.6k. Overall, Corteva insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Corteva is not the only stock that insiders are buying. 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
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Corteva insiders own 0.1% of the company, worth about US$33m. 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 Corteva Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Corteva we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Corteva, you should check out this free report on analyst forecasts for the company.
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.
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.
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