We'd be surprised if Cushman & Wakefield Limited (NYSE:CWK) shareholders haven't noticed that the Executive VP & Chief Investment & Strategy Officer, Nathaniel Robinson, recently sold US$329k worth of stock at US$13.25 per share. That sale was 26% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At Cushman & Wakefield
Notably, that recent sale by Nathaniel Robinson is the biggest insider sale of Cushman & Wakefield shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (US$13.81). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. 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. We note that the biggest single sale was only 26% of Nathaniel Robinson's holding.
Insiders in Cushman & Wakefield didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Cushman & Wakefield
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Insider Ownership
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. Insiders own 0.7% of Cushman & Wakefield shares, worth about US$23m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Cushman & Wakefield Insider Transactions Indicate?
An insider hasn't bought Cushman & Wakefield stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cushman & Wakefield. To that end, you should learn about the 4 warning signs we've spotted with Cushman & Wakefield (including 1 which is a bit concerning).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.