Have IDT Insiders Been Selling Stock?
Some IDT Corporation (NYSE:IDT) shareholders may be a little concerned to see that the Independent Director, Judah Schorr, recently sold a substantial US$1.1m worth of stock at a price of US$81.65 per share. That's a big disposal, and it decreased their holding size by 11%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At IDT
In the last twelve months, the biggest single sale by an insider was when the Chief Financial Officer, Marcelo Fischer, sold US$1.3m worth of shares at a price of US$56.98 per share. That means that an insider was selling shares at slightly below the current price (US$80.67). 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 40% of Marcelo Fischer's holding.
In the last year IDT insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for IDT
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Insider Ownership Of IDT
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. IDT insiders own 18% of the company, currently worth about US$355m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At IDT Tell Us?
Insiders haven't bought IDT 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 it is good to see that IDT is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for IDT that deserve your attention before buying any shares.
But note: IDT may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.