MillerKnoll, Inc. (NASDAQ:MLKN) shareholders (or potential shareholders) will be happy to see that the President, Andrea Owen, recently bought a whopping US$1.0m worth of stock, at a price of US$16.88. That purchase boosted their holding by 152%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
MillerKnoll Insider Transactions Over The Last Year
In fact, the recent purchase by Andrea Owen was the biggest purchase of MillerKnoll shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$18.33 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for MillerKnoll share holders is that an insider was buying at near the current price. Andrea Owen was the only individual insider to buy during the last year.
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!
MillerKnoll is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of MillerKnoll
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.7% of MillerKnoll shares, worth about US$9.1m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At MillerKnoll Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that MillerKnoll insiders are reasonably well aligned, and optimistic for the future. While we like knowing 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. When we did our research, we found 3 warning signs for MillerKnoll (2 shouldn't be ignored!) that we believe deserve your full attention.
But note: MillerKnoll 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, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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