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Have Insiders Sold Verint Systems Inc. (NASDAQ:VRNT) Shares Recently?

Simply Wall St ·  Sep 22, 2022 06:35

Some Verint Systems Inc. (NASDAQ:VRNT) shareholders may be a little concerned to see that the CEO & Chairman of the Board, Dan Bodner, recently sold a substantial US$3.1m worth of stock at a price of US$38.13 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 7.9%.

See our latest analysis for Verint Systems

Verint Systems Insider Transactions Over The Last Year

In fact, the recent sale by Dan Bodner was the biggest sale of Verint Systems 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$35.37. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

All up, insiders sold more shares in Verint Systems than they bought, over the last year. 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-volumeNasdaqGS:VRNT Insider Trading Volume September 22nd 2022

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Verint Systems

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.2% of Verint Systems shares, worth about US$52m. 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 Verint Systems Insider Transactions Indicate?

Insiders sold Verint Systems shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Verint Systems. For example - Verint Systems has 1 warning sign we think you should be aware of.

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, but not derivative transactions.

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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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