We would be surprised if so Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shareholders are unaware that independent director Leo Mackay recently sold $174,000 worth of stock at $52.79 a share. Eyebrow raising movements corresponded to a 10% reduction in their retention.
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Cognizant Technology Solutions insider trading in the past year
Last year’s largest insider sale was by insider Andrew Stafford, at $519,000 worth of shares, or about $80.87 per share. Insider selling is negative for us, but if the stock sells at a lower price, it becomes more negative. The good news is that this massive sale was well above his current price of US$57.29. As such, it may not shed much light on insider trust at its current level.
Cognizant Technology Solutions insiders did not buy any shares last year. Below is a visual depiction of insider trading (by companies and individuals) over the last 12 months. Click on the graphs below to see the exact details of each insider trading!
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Insider Ownership of Cognizant Technology Solutions
For public shareholders, it is worth checking the number of shares held by internal parties. We usually want to see a pretty high level of insider ownership. Cognizant Technology Solutions insiders own shares worth approximately US$48 million. This equates to his 0.2% of the company. This level of insider ownership is good, but not particularly outstanding. It certainly suggests a reasonable degree of adjustment.
What can insider trading at Cognizant Technology Solutions tell us?
Insiders recently sold shares, but they haven’t bought. On the plus side, Cognizant Technology Solutions is profitable and growing. Insider ownership is not particularly high, so this analysis makes us cautious about the company. Therefore, buy only after careful consideration. We want to know what’s going on with insider ownership and trading, but we also try to consider the risks facing the stock before making any investment decisions.you’ll want to know what we found Two Warning Signs from Cognizant Technology Solutions We recommend that you take a look.
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For the purposes of this article, an insider is an individual who reports a transaction to the relevant regulatory body. Currently, we consider open market transactions and private disposals, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Is not …
