Insider Spends US$902k Buying More Shares In TTM Technologies
Those following along with TTM Technologies, Inc. (NASDAQ:TTMI) will no doubt be intrigued by the recent purchase of shares by Wajid Ali, Independent Director of the company, who spent a stonking US$902k on stock at an average price of US$90.25. That purchase boosted their holding by 100%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
The Last 12 Months Of Insider Transactions At TTM Technologies
In the last twelve months, the biggest single sale by an insider was when the insider, Dale Knecht, sold US$3.7m worth of shares at a price of US$142 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$81.63). So it may not tell us anything about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$3.0m for 30.00k shares. But insiders sold 105.90k shares worth US$13m. All up, insiders sold more shares in TTM Technologies than they bought, over the last year. The average sell price was around US$121. Insider selling doesn't make us excited to buy. But the selling was at much higher prices than the current share price (US$81.63), so it probably doesn't tell us a lot about the value on offer today. You can see the insider transactions (by companies and 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!
See our latest analysis for TTM Technologies
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Does TTM Technologies Boast High Insider Ownership?
Many investors like to check how much of a company is owned by 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 TTM Technologies insiders own 1.6% of the company, worth about US$126m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About TTM Technologies Insiders?
The stark truth for TTM Technologies is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, TTM Technologies makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 1 warning sign for TTM Technologies you should know about.
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 of direct interests only, but not derivative transactions or indirect interests.
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