GE Vernova VP, Controller & Chief Accounting Officer Matthew Potvin Sells 40% Of Holding
GE Vernova Inc. GEV | 0.00 |
We wouldn't blame GE Vernova Inc. (NYSE:GEV) shareholders if they were a little worried about the fact that Matthew Potvin, the VP, Controller & Chief Accounting Officer recently netted about US$2.5m selling shares at an average price of US$1,059. That's a big disposal, and it decreased their holding size by 40%, which is notable but not too bad.
GE Vernova Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Chief People Officer, Steven Baert, for US$4.1m worth of shares, at about US$850 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$1,025. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 28% of Steven Baert's holding.
GE Vernova insiders didn't buy any shares over the last year. 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 GE Vernova
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. GE Vernova insiders own about US$269m worth of shares (which is 0.1% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At GE Vernova Tell Us?
Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But since GE Vernova is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing GE Vernova. At Simply Wall St, we've found that GE Vernova has 2 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.
Of course GE Vernova may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
