Some Steven Madden, Ltd. (NASDAQ:SHOO) shareholders may be a little concerned to see that the CFO, Chief Accounting Officer & Secretary, Arvind Dharia, recently sold a whopping US$618k worth of stock at a price of US$41.19 per share. That's a big dump, and it decreased their holding size by 15%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Steven Madden
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Thomas Schwartz, sold US$741k worth of shares at a price of US$42.77 per share. So we know that an insider sold shares at around the present share price of US$42.55. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year, we note insiders sold 98067 shares worth US$3.9m. In the last year Steven Madden insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership of Steven Madden
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. Steven Madden insiders own 8.2% of the company, currently worth about US$294m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Steven Madden Insider Transactions Indicate?
Insiders haven't bought Steven Madden 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. It is good to see high insider ownership, but the insider selling leaves us cautious. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Steven Madden.
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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 email@example.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.