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It is not uncommon to see successful companies in the years following the purchase of shares by insiders.
The other side of the coin is that there are more than a few examples of insiders who have thrown their shares before a period of poor performance.
So before you buy or sell Teledyne Technologies Incorporated (NYSE: TDY), you may want to know if insiders have bought or sold.
Are insider trading important?
It is perfectly legal for insiders of the company, including board members, to buy and sell shares of a company.
However, the rules govern insider transactions and certain information is required.
Insider trading is not the most important thing when it comes to investing for the long term.
But logic requires you to determine whether insiders buy or sell stocks.
As Peter Lynch said, "Insiders can sell their stocks for a number of reasons, but they only buy them for one: they think the price will go up."
Discover our latest badysis for Teledyne Technologies
Teledyne Technologies insider trading in the last year
Over the last twelve months, the largest sale by an insider occurred when Executive Chairman of the Board, Robert Mehrabian, sold $ 3.7 million of stock at a price of $ 198 per share .
It is therefore clear that an insider wanted to withdraw money, even below the current price of 228 USD.
Although sellers have various reasons to sell, this is not particularly nice to see.
We generally consider it negative if the insiders sold on the market, especially if they did it below the current price.
We note that the largest sale accounted for only 7.5% of Robert Mehrabian's stake.
The only solo salesperson in the last year was Robert Mehrabian.
Robert Mehrabian sold 26.98,000 shares over the last 12 months at an average price of 204 USD.
You can see a visual representation of insider transactions (by individuals) over the last 12 months, below.
If you click on the graph, you can see all the individual transactions, including the price of the action, the individual transaction and the date!
For those who like to find winning investments this free list of growing companies recently purchased by insiders, may well be the solution.
Does Teledyne Technologies have a strong property of insiders?
I like to look at the number of shares that insiders own in a company, so I can enlighten my perspective on their alignment with insiders.
A strong insider property often makes corporate leadership more responsive to shareholder interests.
Teledyne Technologies insiders hold approximately $ 129 million in shares (1.6% of the company).
I like to see this level of insider ownership, as this increases the chances that management thinks in the best interests of shareholders.
What could the insider transactions tell us about Teledyne Technologies?
An insider sold shares recently, but they did not buy.
For the last twelve months, our data shows no purchase initiated.
On the plus side, Teledyne Technologies is making money and increasing profits.
Although insiders own a lot of stock in the company (which is good), our badysis of their transactions does not give us confidence in the company.
If you are like me, you may want to ask yourself if this business will grow or contract. Fortunately, you can check this free report showing badysts' forecasts for its future.
Of course, you could find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.
Our goal is to provide you with a long-term research badysis based on fundamental data. Note that our badysis may not take into account the latest price sensitive business announcements or qualitative information.
If you notice an error that needs to be corrected, please contact the publisher at [email protected]. This article from Simply Wall St is of a general nature. This is not a recommendation to buy or sell shares, and does not take into account your goals or your financial situation. Simply Wall St has no position on the actions mentioned. Thanks for the reading.
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