Anyone interested in Perficient, Inc. (NASDAQ:PRFT) should probably be aware that the Independent Lead Director, David Lundeen, recently divested US$255k worth of shares in the company, at an average price of US$63.64 each. That sale was 12% of their holding, so it does make us raise an eyebrow.

View our latest analysis for Perficient

The Last 12 Months Of Insider Transactions At Perficient

Notably, that recent sale by David Lundeen is the biggest insider sale of Perficient shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$65.24. 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 12% of David Lundeen's holding.

Over the last year, we can see that insiders have bought 3.80k shares worth US$270k. But they sold 4.00k shares for US$255k. In total, Perficient insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Perficient

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Perficient insiders own about US$45m worth of shares. That equates to 2.0% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Perficient Tell Us?

The insider sales have outweighed the insider buying, at Perficient, in the last three months. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So the recent selling doesn't worry us too much. 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. For example - Perficient has 2 warning signs we think you should be aware of.

But note: Perficient 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 of direct interests only, but not derivative transactions or indirect interests.

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