Senior Vice President of Global Operations Tajinder Vohra Sold A Bunch Of Shares In Revvity
We wouldn't blame Revvity, Inc. (NYSE:RVTY) shareholders if they were a little worried about the fact that Tajinder Vohra, the Senior Vice President of Global Operations recently netted about US$1.0m selling shares at an average price of US$141. That sale reduced their total holding by 38% which is hardly insignificant, but far from the worst we've seen.
The Last 12 Months Of Insider Transactions At Revvity
Notably, that recent sale by Tajinder Vohra is the biggest insider sale of Revvity shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$143. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. 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 38% of Tajinder Vohra's holding.
Insiders in Revvity 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for Revvity
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Insider Ownership Of Revvity
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. Insiders own 0.4% of Revvity shares, worth about US$67m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Revvity Tell Us?
An insider hasn't bought Revvity stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Revvity has 2 warning signs and it would be unwise to ignore these.
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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.