Trade alert: Skechers USA, Inc. (NYSE: SKX) co-founder Robert Greenberg sold a few shares recently
Some Skechers USA, Inc. (NYSE:SKX) Shareholders might be a little concerned that co-founder Robert Greenberg recently sold $3.7 million worth of stock at $43.30 per share. This sale reduced their total stake by 29%, which is not negligible, but far from the worst we have seen.
See our latest analysis for Skechers USA
Skechers USA insider trading over the past year
In the past twelve months, the largest single insider sale occurred when insider Jeffrey Greenberg sold $3.8 million worth of stock at $37.95 per share. So what is clear is that an insider saw fit to sell around the current price of US$37.44. Although insider selling is negative, for us it is even more negative if the stock is sold at a lower price. In this case, the big sell was around the current price, so that’s not too bad (but still not a positive).
Skechers USA insiders did not buy any shares last year. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you want to know exactly who sold, how much and when, just click on the chart below!
I’d like Skechers USA better if I see big insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.
Skechers USA Insider Ownership
For an ordinary shareholder, it is worth checking how many shares are held by company insiders. High insider participation often makes company management more concerned with the interests of shareholders. Skechers USA insiders own 5.2% of the company, which is currently worth around US$305 million based on recent share price. This type of significant insider ownership generally increases the chances that the company will be run in the best interests of all shareholders.
What could insider trading at Skechers USA tell us?
Insiders recently sold shares of Skechers USA, but did not buy any. And there have been no purchases to comfort us in the past year. But it’s good to see that Skechers USA is increasing its profits. The company enjoys strong insider ownership, but we are a little hesitant given the history of stock sales. So these insider trades can help us build a thesis on the stock, but it’s also helpful to know the risks this company faces. At Simply Wall St, we found that Skechers USA has 4 warning signs (2 not to be overlooked!) which deserve your attention before going further in your analysis.
Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.