Some ASGN Incorporated (NYSE:ASGN) shareholders may be a little concerned to see that the President, Randolph Blazer, recently sold a substantial US$726k worth of stock at a price of US$85.98 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 6.9%.
Check out our latest analysis for ASGN
The Last 12 Months Of Insider Transactions At ASGN
In fact, the recent sale by Randolph Blazer was the biggest sale of ASGN 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$85.50. 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).
ASGN insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like ASGN better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does ASGN Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that ASGN insiders own 3.7% of the company, worth about US$149m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The ASGN Insider Transactions Indicate?
An insider 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ASGN. Every company has risks, and we've spotted 2 warning signs for ASGN you should know about.
But note: ASGN 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.