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Hudson Technologies Independent Director Richard Parrillo Sells 29% Of Holding

Simply Wall St ·  Dec 16, 2023 07:27

We wouldn't blame Hudson Technologies, Inc. (NASDAQ:HDSN) shareholders if they were a little worried about the fact that Richard Parrillo, the Independent Director recently netted about US$944k selling shares at an average price of US$13.00. That's a big disposal, and it decreased their holding size by 29%, which is notable but not too bad.

View our latest analysis for Hudson Technologies

Hudson Technologies Insider Transactions Over The Last Year

In fact, the recent sale by Richard Parrillo was the biggest sale of Hudson Technologies shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$12.92. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

In total, Hudson Technologies insiders sold more 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!

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NasdaqCM:HDSN Insider Trading Volume December 16th 2023

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

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. It appears that Hudson Technologies insiders own 13% of the company, worth about US$79m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Hudson Technologies Insider Transactions Indicate?

An insider sold Hudson Technologies shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Hudson Technologies has 2 warning signs and it would be unwise to ignore these.

But note: Hudson Technologies 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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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.

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