Chief Accounting Officer & Controller Donna Carmignani Sold A Bunch Of Shares In CPI Card Group
CPI Card Group, Inc. PMTS | 0.00 |
We note that the CPI Card Group Inc. (NASDAQ:PMTS) Chief Accounting Officer & Controller, Donna Carmignani, recently sold US$75k worth of stock for US$15.32 per share. It might not be a huge sale, but it did reduce their holding size 47%, hardly encouraging.
The Last 12 Months Of Insider Transactions At CPI Card Group
In the last twelve months, the biggest single purchase by an insider was when Independent Chair Hugh Riley bought US$2.7m worth of shares at a price of US$13.51 per share. We do like to see buying, but this purchase was made at well below the current price of US$16.76. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$3.3m for 233.12k shares. But insiders sold 4.87k shares worth US$75k. Overall, CPI Card Group insiders were net buyers during the last year. 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!
CPI Card Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. CPI Card Group insiders own about US$10m worth of shares. That equates to 5.2% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The CPI Card Group Insider Transactions Indicate?
An insider sold stock recently, but they haven't been buying. But we take heart from prior transactions. It's good to see insiders are shareholders. So we're not overly bothered by recent selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CPI Card Group.
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 of direct interests only, but not derivative transactions or indirect interests.
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.
