Have Gartner Insiders Been Selling Stock?
Some Gartner, Inc. (NYSE:IT) shareholders may be a little concerned to see that the Executive VP & Chief Human Resources Officer, Robin Kranich, recently sold a substantial US$644k worth of stock at a price of US$197 per share. That sale reduced their total holding by 14% which is hardly insignificant, but far from the worst we've seen.
Gartner Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Stephen Pagliuca for US$9.9m worth of shares, at about US$232 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$190). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Over the last year, we can see that insiders have bought 43.35k shares worth US$9.9m. But insiders sold 7.67k shares worth US$1.5m. Overall, Gartner insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Gartner
Gartner is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Gartner
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Gartner insiders own 2.7% of the company, worth about US$344m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Gartner Tell Us?
Insiders sold Gartner shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. And insider ownership remains quite considerable. So the recent selling doesn't worry us. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Gartner. At Simply Wall St, we found 3 warning signs for Gartner that deserve your attention before buying any shares.
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.