Have PHINIA Insiders Been Selling Stock?
Some PHINIA Inc. (NYSE:PHIN) shareholders may be a little concerned to see that the President, Brady Ericson, recently sold a substantial US$1.9m worth of stock at a price of US$68.39 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 7.8%.
PHINIA Insider Transactions Over The Last Year
Notably, that recent sale by Brady Ericson is the biggest insider sale of PHINIA shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$67.82. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
PHINIA insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for PHINIA
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Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. PHINIA insiders own about US$56m worth of shares. That equates to 2.3% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At PHINIA Tell Us?
Insiders sold PHINIA shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since PHINIA is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 3 warning signs for PHINIA 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.