We note that the Best Buy Co., Inc. (NYSE:BBY) Senior VP of Finance, Mathew Watson, recently sold US$70k worth of stock for US$68.05 per share. On the bright side, that's just a small sale and only reduced their holding by 4.5%.
Best Buy Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, Richard Schulze, for US$32m worth of shares, at about US$75.30 per share. That means that an insider was selling shares at around the current price of US$65.66. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Over the last year, we note insiders sold 1586852 shares worth US$114m. Insiders in Best Buy didn't buy any shares in the last year. You can see the insider transactions (by 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!
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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. I reckon it's a good sign if insiders own a significant number of shares in the company. Best Buy insiders own about US$2.1b worth of shares (which is 12% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Best Buy Insiders?
Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Best Buy makes money, and is growing profits. 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. Of course, the future is what matters most. So if you are interested in Best Buy, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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, but not derivative transactions.
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