We would be surprised if Gentherm Incorporated (NASDAQ:THRM) shareholders failed to notice that Senior VP and Chief Human Resources Officer & Corporate Communications, Barbara Runyon, recently sold $224,000 worth of stock at $59.85 per share. The move to raise the eyebrows caused a 19% reduction in their possessions.
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The last 12 months of insider trading at Gentherm
The president, Phillip Eyler, made the largest insider sale in the past 12 months. That single transaction was for US$258,000 worth of shares at a price of US$61.90 each. So we know that an insider sold stock at the current price of $59.86. While we usually don’t like to see insider sales happen, it’s more concerning when the sale happens at a lower price. We note that this sale happened around the current price, so it’s not a big concern, although it’s not a good sign.
In the past year, Gentherm insiders did not buy any shares of the company. Below is a visual representation of insider trading (by companies and individuals) over the past 12 months. If you click on the chart you can see all the individual trades, including the share price, individual and the date!
NasdaqGS:THRM Insider Trading Volume May 7, 2023
I’ll like Gentherm more when I see some big insider buys. Watch this while we wait free list of growing companies with significant, recent insider buying.
Gentherm insider property
Looking at insiders’ total shareholdings in a company can help you determine if they are well aligned with common stockholders. We usually like to see a fairly high level of insider ownership. It appears Gentherm insiders own 1.0% of the company, worth about $20 million. While this is a strong but not outstanding level of insider ownership, it suffices to indicate some alignment between management and smaller shareholders.
So what do the Gentherm Insider trades indicate?
An insider recently sold shares, but they didn’t buy. And there were no purchases to reassure us in the past year. Insiders own shares, but we’re still quite cautious given the history of the sale. We are in no rush to buy! So these insider trading can help us build a position on the stock, but it’s also worth knowing the risks of this company. You would be interested to know that we found 2 warning signs for Gentherm and we recommend you take a look.
Naturally, you may find a fantastic investment by looking elsewhere. So check this out free list of interesting companies.
For the purposes of this section, insiders are those persons who report their transactions to the relevant regulatory authority. We currently take into account open market transactions and private placements, but not derivatives transactions.
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