Reliance Worldwide Insider Lowered Holding By 29% During Last Year

Looking at Reliance Worldwide Corporation Limited's (ASX:RWC ) insider transactions over the last year, we can see that insiders were net sellers. That is, there were more number of shares sold by insiders than there were purchased.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At Reliance Worldwide

Over the last year, we can see that the biggest insider sale was by the CEO, MD & Director, Heath Sharp, for AU$2.6m worth of shares, at about AU$4.92 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of AU$3.81. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Heath Sharp.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Reliance Worldwide

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Insider Ownership Of Reliance Worldwide

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. From our data, it seems that Reliance Worldwide insiders own 0.3% of the company, worth about AU$8.8m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Reliance Worldwide Insiders?

The fact that there have been no Reliance Worldwide insider transactions recently certainly doesn't bother us. Our analysis of Reliance Worldwide insider transactions leaves us unenthusiastic. And usually insiders own more stock in the company, according to our data. Of course, the future is what matters most. So if you are interested in Reliance Worldwide, you should check out this free report on analyst forecasts for the company.

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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.