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Have Insiders Sold Steelcase Inc. (NYSE:SCS) Shares Recently?

Simply Wall St

We note that the Steelcase Inc. (NYSE:SCS) Vice President of Strategy of Research & Digital Transformation, Sara Armbruster, recently sold US$97k worth of stock for US$19.30 per share. On the bright side, that's just a small sale and only reduced their holding by 9.2%.

Check out our latest analysis for Steelcase

The Last 12 Months Of Insider Transactions At Steelcase

The President, James Keane, made the biggest insider sale in the last 12 months. That single transaction was for US$1.7m worth of shares at a price of US$17.45 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$18.40. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 11% of James Keane's holding.

We note that in the last year insiders divested 253194 shares for a total of US$4.4m. In the last year Steelcase insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:SCS Recent Insider Trading, September 27th 2019
NYSE:SCS Recent Insider Trading, September 27th 2019

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Steelcase 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. 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 Steelcase insiders own 25% of the company, worth about US$548m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Steelcase Insider Transactions Indicate?

Insiders haven't bought Steelcase stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Steelcase makes money, and is growing profits. 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 Steelcase.

Of course Steelcase may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.