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Executive Officer Of TD SYNNEX Sold 27% Of Their Shares

Simply Wall St ·  Jan 25 18:19

We wouldn't blame TD SYNNEX Corporation (NYSE:SNX) shareholders if they were a little worried about the fact that Michael Urban, the Executive Officer recently netted about US$1.0m selling shares at an average price of US$105. That's a big disposal, and it decreased their holding size by 27%, which is notable but not too bad.

See our latest analysis for TD SYNNEX

The Last 12 Months Of Insider Transactions At TD SYNNEX

Over the last year, we can see that the biggest insider sale was by the Chairman Emeritus, Feng-Chiang Miau, for US$4.2m worth of shares, at about US$95.51 per share. That means that an insider was selling shares at slightly below the current price (US$106). 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. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 7.2% of Feng-Chiang Miau's stake.

In the last year TD SYNNEX insiders didn't buy any company stock. 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!

insider-trading-volume
NYSE:SNX Insider Trading Volume January 25th 2024

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).

Insider Ownership Of TD SYNNEX

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. TD SYNNEX insiders own 1.5% of the company, currently worth about US$142m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About TD SYNNEX Insiders?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. Every company has risks, and we've spotted 2 warning signs for TD SYNNEX you should know about.

Of course TD SYNNEX may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.

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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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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