Have QuickLogic Insiders Been Selling Stock?
Anyone interested in QuickLogic Corporation (NASDAQ:QUIK) should probably be aware that the President, Brian Faith, recently divested US$273k worth of shares in the company, at an average price of US$10.80 each. On the bright side, that sale was only 8.1% of their holding, so we doubt it's very meaningful, on its own.
The Last 12 Months Of Insider Transactions At QuickLogic
Notably, that recent sale by Brian Faith is the biggest insider sale of QuickLogic shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$10.20. While we don't usually like to see insider selling, it's more concerning if the sales take place 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.
QuickLogic insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for QuickLogic
I will like QuickLogic better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that QuickLogic insiders own 9.3% of the company, worth about US$18m. 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 Do The QuickLogic Insider Transactions Indicate?
Insiders haven't bought QuickLogic 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. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing QuickLogic. In terms of investment risks, we've identified 2 warning signs with QuickLogic and understanding these should be part of your investment process.
But note: QuickLogic 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.
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 of direct interests only, but not derivative transactions or indirect interests.
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