Anyone interested in Rogers Corporation (NYSE:ROG) should probably be aware that the Independent Chairman, Peter Wallace, recently divested US$317k worth of shares in the company, at an average price of US$132 each. That sale was 36% of their holding, so it does make us raise an eyebrow.

The Last 12 Months Of Insider Transactions At Rogers

In fact, the recent sale by Independent Chairman Peter Wallace was not their only sale of Rogers shares this year. Earlier in the year, they fetched US$107 per share in a -US$859k sale. That means that even when the share price was below the current price of US$134, an insider wanted to cash in some shares. 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 55% of Peter Wallace's holding.

Rogers insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Rogers better if I see some big insider buys.

Does Rogers Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Rogers insiders own about US$9.8m worth of shares (which is 0.4% of the company). We do generally prefer see higher levels of insider ownership.

So What Do The Rogers Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we're not rushing to buy, to say the least. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.

Of course Rogers 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.