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From what we can see, insiders were net buyers in WK Kellogg Co's (NYSE:KLG ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At WK Kellogg Co
In the last twelve months, the biggest single purchase by an insider was when insider Llura Gund bought US$3.4m worth of shares at a price of US$17.94 per share. That implies that an insider found the current price of US$18.22 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for WK Kellogg Co share holders is that an insider was buying at near the current price. Llura Gund was the only individual insider to buy during the last year.
Llura Gund bought 250.00k shares over the last 12 months at an average price of US$17.57. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for WK Kellogg Co
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of WK Kellogg Co
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. WK Kellogg Co insiders own 14% of the company, currently worth about US$221m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The WK Kellogg Co Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Judging from their transactions, and high insider ownership, WK Kellogg Co insiders feel good about the company's future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 4 warning signs for WK Kellogg Co (1 can't be ignored!) that we believe deserve your full attention.