Some TD SYNNEX Corporation (NYSE:SNX) shareholders may be a little concerned to see that the Independent Director, Merline Saintil, recently sold a substantial US$1.0m worth of stock at a price of US$229 per share. That diminished their holding by a very significant 54%, which arguably implies a strong desire to reallocate capital.

The Last 12 Months Of Insider Transactions At TD SYNNEX

Over the last year, we can see that the biggest insider sale was by the CEO, President & Director, Patrick Zammit, for US$2.4m worth of shares, at about US$172 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$232. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 10.0% of Patrick Zammit's holding.

In the last year TD SYNNEX insiders didn't buy any company stock. 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!

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. TD SYNNEX insiders own about US$247m worth of shares (which is 1.3% 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 Do The TD SYNNEX Insider Transactions Indicate?

Insiders sold TD SYNNEX shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, TD SYNNEX makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision.

But note: TD SYNNEX may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.