Have Insiders Sold TD SYNNEX Shares Recently?

Some TD SYNNEX Corporation (NYSE:SNX) shareholders may be a little concerned to see that the CEO, President & Director, Patrick Zammit, recently sold a substantial US$2.4m worth of stock at a price of US$172 per share. However, that sale only accounted for 10.0% of their holding, so arguably it doesn't say much about their conviction.

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The Last 12 Months Of Insider Transactions At TD SYNNEX

In fact, the recent sale by Patrick Zammit was the biggest sale of TD SYNNEX shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below the current price (US$172). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 10.0% of Patrick Zammit's holding.

Insiders in TD SYNNEX didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for TD SYNNEX

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Insider Ownership Of TD SYNNEX

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. TD SYNNEX insiders own 1.4% of the company, currently worth about US$191m based on the recent share price. 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 TD SYNNEX Tell Us?

An insider hasn't bought TD SYNNEX stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since TD SYNNEX is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. 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 - TD SYNNEX has 1 warning sign we think you should be aware of.

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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.