We wouldn't blame Logitech International S.A. (VTX:LOGN) shareholders if they were a little worried about the fact that Didier Hirsch, the Independent Non-Executive Director recently netted about US$1.0m selling shares at an average price of US$41.52. That's a big dump, and it decreased their holding size by 43%, which is notable but not too bad.
View our latest analysis for Logitech International
The Last 12 Months Of Insider Transactions At Logitech International
Over the last year, we can see that the biggest insider sale was by the insider, Vincent Pilette, for CHF4.5m worth of shares, at about CHF41.05 per share. That means that even when the share price was slightly below the current price of CHF41.86, an insider wanted to cash in some shares. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 44% of Vincent Pilette's holding.
We note that in the last year insiders divested 134411 shares for a total of CHF5.5m. Insiders in Logitech International didn't buy any shares in the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like Logitech International better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership of Logitech International
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Logitech International insiders own 0.8% of the company, worth about CHF58m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Logitech International Tell Us?
An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But since Logitech International is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Logitech International.