Investors may wish to note that the Chief Revenue Officer of TechTarget, Inc., Steven Niemiec, recently netted US$95k from selling stock, receiving an average price of US$4.75. It wasn't a huge sale, but it did reduce their holding by 14%. This does not instill confidence.
TechTarget Insider Transactions Over The Last Year
Notably, that recent sale by Chief Revenue Officer Steven Niemiec was not the only time they sold TechTarget shares this year. They previously made an even bigger sale of -US$123k worth of shares at a price of US$5.75 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$4.48. So it is hard to draw any strong conclusion from it.
Over the last year, we can see that insiders have bought 24.20k shares worth US$144k. But insiders sold 58.41k shares worth US$320k. All up, insiders sold more shares in TechTarget than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for TechTarget
I will like TechTarget better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Based on our data, TechTarget insiders have about 1.1% of the stock, worth approximately US$3.7m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At TechTarget Tell Us?
An insider sold TechTarget shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we're not rushing to buy, to say the least. While it's good to be aware of 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. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of TechTarget.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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