Anyone interested in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) should probably be aware that the Chief Accounting Officer, Cary Flanagan, recently divested US$120k worth of shares in the company, at an average price of US$37.49 each. The eyebrow raising move amounted to a reduction of 44% in their holding.
Knight-Swift Transportation Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Executive Vice Chairman, Gary Knight, for US$6.0m worth of shares, at about US$33.21 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$37.70. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 3.7% of Gary Knight's stake.
Happily, we note that in the last year insiders paid US$129k for 4661 shares. But insiders sold 449599 shares worth US$15m. Over the last year we saw more insider selling of Knight-Swift Transportation Holdings shares, than buying. 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!
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Does Knight-Swift Transportation Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Knight-Swift Transportation Holdings insiders own 4.8% of the company, currently worth about US$307m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Knight-Swift Transportation Holdings Tell Us?
Insiders sold Knight-Swift Transportation Holdings shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Knight-Swift Transportation Holdings.
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.
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If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.