Some Dycom Industries, Inc. (NYSE:DY) shareholders may be a little concerned to see that the Independent Director, Eitan Gertel, recently sold a substantial US$1.3m worth of stock at a price of US$346 per share. That sale reduced their total holding by 21% which is hardly insignificant, but far from the worst we've seen.

The Last 12 Months Of Insider Transactions At Dycom Industries

Notably, that recent sale by Eitan Gertel is the biggest insider sale of Dycom Industries shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$339. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Dycom Industries

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Dycom Industries insiders own about US$338m worth of shares (which is 3.3% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Dycom Industries Tell Us?

An insider sold Dycom Industries shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since Dycom Industries is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Dycom Industries. For example - Dycom Industries has 2 warning signs we think you should be aware of.

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.