Some TTM Technologies, Inc. (NASDAQ:TTMI) shareholders may be a little concerned to see that the Senior Vice President & Chief Information Officer, Dale Knecht, recently sold a substantial US$3.7m worth of stock at a price of US$142 per share. That sale reduced their total holding by 39% which is hardly insignificant, but far from the worst we've seen.

TTM Technologies Insider Transactions Over The Last Year

In fact, the recent sale by Dale Knecht was the biggest sale of TTM Technologies shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$131. 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.

In total, TTM Technologies insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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 Of TTM Technologies

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. TTM Technologies insiders own 1.5% of the company, currently worth about US$204m based on the recent share price. 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 TTM Technologies Insider Transactions Indicate?

Insiders sold TTM Technologies shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. But since TTM Technologies 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 TTM Technologies. While conducting our analysis, we found that TTM Technologies has 2 warning signs and it would be unwise to ignore them.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.