Don't Ignore The Insider Selling In Align Technology
Don't Ignore The Insider Selling In Align Technology
Some Align Technology, Inc. (NASDAQ:ALGN) shareholders may be a little concerned to see that the Independent Director, Joseph Lacob, recently sold a substantial US$7.7m worth of stock at a price of US$307 per share. That sale reduced their total holding by 16% which is hardly insignificant, but far from the worst we've seen.
看到獨立董事約瑟夫·拉科布最近以每股307美元的價格出售了價值770萬美元的大量股票,一些Align Technology, Inc.(納斯達克股票代碼:ALGN)的股東可能會有點擔心。此次出售使他們的總持股量減少了16%,這並非微不足道,但遠非我們所見過的最糟糕的水平。
Align Technology Insider Transactions Over The Last Year
調整去年的科技內幕交易
Notably, that recent sale by Joseph Lacob is the biggest insider sale of Align Technology shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$300. 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.
值得注意的是,約瑟夫·拉科布最近的出售是我們去年對Align Technology股票的最大一次內幕出售。這意味着一位內部人士正在以目前的300美元左右的價格出售股票。我們通常不喜歡看到內幕銷售,但是銷售價格越低,我們就越擔心。鑑於此次出售是以當前價格進行的,這使我們有點謹慎,但並不是一個主要問題。
In the last twelve months insiders purchased 17.51k shares for US$4.0m. On the other hand they divested 27.52k shares, for US$8.4m. Over the last year we saw more insider selling of Align Technology shares, than buying. The average sell price was around US$305. We don't gain confidence from insider selling below the recent share price. But we wouldn't put too much weight on the insider selling. 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!
在過去的十二個月中,內部人士以40萬美元的價格購買了17.51萬股股票。另一方面,他們以840萬美元的價格剝離了27.52萬股股票。去年,我們看到Align Technology股票的內幕拋售多於買入。平均售價約爲305美元。我們無法從低於近期股價的內幕拋售中獲得信心。但是我們不會過分重視內幕銷售。您可以看到下圖所示的去年的內幕交易(公司和個人)。通過點擊下面的圖表,你可以看到每筆內幕交易的確切細節!
![insider-trading-volume](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240305/0-e7115710baf3247fc312c9301150cb65-0-beaa028bbe404246fc260525ac249896.png/big)
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你喜歡買內部人士買入而不是賣出的股票,那麼你可能會喜歡這份免費的公司名單。(提示:業內人士一直在購買它們)。
Insider Ownership
內部所有權
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Align Technology insiders own about US$940m worth of shares (which is 4.2% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
查看公司的內部持股總量可以幫助你了解他們是否與普通股股東保持一致。較高的內部所有權通常會使公司領導層更加關注股東的利益。Align Technology內部人士擁有價值約9.4億美元的股份(佔該公司的4.2%)。大多數股東會很高興看到這種內部所有權,因爲這表明管理層的激勵措施與其他股東非常一致。
So What Does This Data Suggest About Align Technology Insiders?
那麼,這些數據對Align科技內部人士有何啓示呢?
Insiders sold Align Technology shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Align Technology makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Align Technology has 1 warning sign and it would be unwise to ignore it.
內部人士最近出售了Align Technology的股票,但他們沒有購買任何股票。儘管有一些內幕買盤,但長期前景並不能使我們感到更加樂觀。從好的方面來看,Align Technology賺了錢,而且利潤也在增長。儘管內部人士確實擁有該公司的大量股份(這很好),但我們對他們交易的分析並不能使我們對公司充滿信心。因此,雖然了解內部人士在買入或賣出方面的所作所爲很有幫助,但了解特定公司面臨的風險也很有幫助。在進行分析時,我們發現 Align Technology 有 1 個警告信號,因此忽略它是不明智的。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然,通過尋找其他地方,你可能會找到一筆不錯的投資。因此,來看看這份有趣的公司的免費清單吧。
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.
就本文而言,內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益,不包括衍生品交易或間接權益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。