A number of ManTech International Corporation (NASDAQ:MANT) insiders have sold their stocks over the past year, which may have raised concerns among investors. When evaluating insider trades, it is generally more beneficial to know whether insiders are buying or selling, as the latter can be subject to many interpretations. However, when multiple insiders are selling shares over a specific length of time, shareholders should take this into account, as this could possibly be a red flag.
While we don’t believe shareholders should simply follow insider trades, logic dictates that you pay attention to whether insiders are buying or selling shares.
See our latest analysis for ManTech International
The last 12 months of insider trading at ManTech International
Independent director Richard Kerr has made the biggest insider sale in the last 12 months. This single transaction was for US$363,000 of shares at a price of US$84.00 each. Clearly, therefore, an insider wanted to take money off the table, even below the current price of US$87.14. We generally consider it negative if insiders sold, especially if they did below the current price, as this implies that they considered a lower price to be reasonable. Please note, however, that sellers may have various reasons for selling, so we don’t know for sure what they think of the stock price. This single sale represented only 13% of Richard Kerr’s stake.
Last year, ManTech International insiders did not buy any shares of the company. 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 ManTech International better if I see big insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.
Does ManTech International boast of high insider ownership?
I like to look at how many shares insiders own in a company, to help me get a sense of how aligned they are with insiders. High insider participation often makes company management more concerned with the interests of shareholders. It’s great to see that ManTech International insiders own 33% of the company, worth around $1.2 billion. I like to see this level of insider ownership because it increases the chances that management is thinking about the best interests of shareholders.
So what does this data suggest about ManTech International insiders?
There have been no insider trades in the last three months – that’s not saying much. It’s great to see high levels of insider ownership, but looking back to the last year, we’re not earning the trust of ManTech International insiders who are selling. Sure, the future is what matters most. So if you are interested in ManTech International, you should check out this free analyst forecast report for the company.
But note: ManTech International may not be the best stock to buy. So take a look at this free list of interesting companies with high ROE and low debt.
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.