Chief Marketing Officer Of Globant Sold 31% Of Their Shares
We'd be surprised if Globant S.A. (NYSE:GLOB) shareholders haven't noticed that the Chief Marketing Officer, Wanda Weigert, recently sold US$243k worth of stock at US$40.45 per share. That sale was 31% of their holding, so it does make us raise an eyebrow.
Globant Insider Transactions Over The Last Year
The insider Alejandro Nicolas Aguzin made the biggest insider purchase in the last 12 months. That single transaction was for US$972k worth of shares at a price of US$38.87 each. That implies that an insider found the current price of US$38.88 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Globant share holders is that an insider was buying at near the current price. Alejandro Nicolas Aguzin was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. 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 Globant
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership
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 3.3% of Globant shares, worth about US$57m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Globant Insiders?
Insiders sold Globant shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. And insiders do own shares. So we're happy enough to look past some selling. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Globant has 2 warning signs we think you should be aware of.
But note: Globant 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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