Yahoo Finance Read This Before Selling TETRA Technologies, Inc. (NYSE:TTI) Shares
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a look at whether insiders have been buying or selling shares in TETRA Technologies, Inc. (NYSE:TTI).
Do Insider Transactions Matter?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'
View our latest analysis for TETRA Technologies
The Last 12 Months Of Insider Transactions At TETRA Technologies
Over the last year, we can see that the biggest insider purchase was by Independent Director Paul Coombs for US$207k worth of shares, at about US$1.38 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$2.54. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 360k shares worth US$527k. TETRA Technologies may have bought shares in the last year, but they didn't sell any. 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!
TETRA Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does TETRA Technologies Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that TETRA Technologies insiders own 4.9% of the company, worth about US$16m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At TETRA Technologies Tell Us?
It doesn't really mean much that no insider has traded TETRA Technologies shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in TETRA Technologies and their transactions don't cause us concern. Of course, the future is what matters most. So if you are interested in TETRA Technologies, you should check out this free report on analyst forecasts for the company.
But note: TETRA Technologies 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.
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.
