Yahoo Finance President of North American Technology Solutions Is The President of North American Technology Solutions of SYNNEX Corporation (NYSE:SNX) And They Just Sold 31% Of Their Shares
Some SYNNEX Corporation (NYSE:SNX) shareholders may be a little concerned to see that the President of North American Technology Solutions, Peter Larocque, recently sold a whopping US$830k worth of stock at a price of US$112 per share. That's a big dump, and it decreased their holding size by 31%, which is notable but not too bad.
View our latest analysis for SYNNEX
The Last 12 Months Of Insider Transactions At SYNNEX
Notably, that recent sale by Peter Larocque is the biggest insider sale of SYNNEX shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$112. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Over the last year we saw more insider selling of SYNNEX shares, than buying. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of SYNNEX
For a common shareholder, it is worth checking how many shares are held by company 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. It's great to see that SYNNEX insiders own 1.9% of the company, worth about US$109m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At SYNNEX Tell Us?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. But since SYNNEX is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
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.
