Some Herman Miller, Inc. (NASDAQ:MLHR) shareholders may be a little concerned to see that the President of North America Contract, Gregory Bylsma, recently sold a whopping US$614k worth of stock at a price of US$46.17 per share. That sale reduced their total holding by 41% which is hardly insignificant, but far from the worst we've seen.
The Last 12 Months Of Insider Transactions At Herman Miller
Notably, that recent sale by President of North America Contract Gregory Bylsma was not the only time they sold Herman Miller shares this year. Earlier in the year, they fetched US$46.17 per share in a -US$613.5k sale. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$46.19. 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. We note that the biggest single sale was only 41%of Gregory Bylsma's holding.
Over the last year, we note insiders sold 41731 shares worth US$1.8m. Insiders in Herman Miller didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Herman Miller 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Herman Miller insiders own 0.6% of the company, worth about US$17m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Herman Miller Insiders?
Insiders haven't bought Herman Miller 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, Herman Miller makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd think twice before buying! Of course, the future is what matters most. So if you are interested in Herman Miller, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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.