Many Robert Half International Inc. (NYSE: RHI) Insiders have abandoned their shares in the past year, which may be of interest to shareholders of the company. When evaluating insider trading, it is usually more beneficial to know whether insiders are buying or selling, as the latter can be subject to many interpretations. However, when multiple insiders sell shares over a specific length of time, shareholders should take this into account as this could potentially be a red flag.
While we don’t think shareholders should just follow insider trading, logic dictates that you pay attention to whether insiders are buying or selling stocks.
The Last 12 Months of Insider Trading at Robert Half International
Executive Chairman Harold Messmer had the biggest insider sale in the past 12 months. This one-time transaction involved $ 8.1 million of shares at a price of $ 81.33 each. So it’s clear that an insider wanted to take money off the table, even below the current price of US $ 110. Generally, we find it disheartening when insiders sell below the current price, as it suggests they were happy with a lower valuation. However, while insider selling can be daunting at times, this is only a weak signal. We note that the biggest single sale was only 11% of Harold Messmer’s stake.
Robert Half International insiders haven’t bought any shares in the past year. The chart below shows insider trading (by businesses and individuals) over the past year. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!
NYSE: RHI Insider Trading Volume December 13, 2021
I’d like Robert Half International better if I see big insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.
Robert Half international insiders sell the stock
The last quarter saw significant insider sales of shares of Robert Half International. Specifically, Executive Vice President of Corporate Development Robert Glass surrendered US $ 589,000 of stock during this period, and we did not record any purchases. In light of this, it’s hard to say that all insiders think stocks are a good deal.
Insider ownership
Many investors like to check how well a company is owned by insiders. I think it’s a good sign if the insiders own a significant number of shares in the company. Robert Half International insiders own about $ 352 million in stock (or 2.9% of the company). I like to see this level of insider ownership because it increases the chances that management is thinking in the best interests of shareholders.
What might insider trading at Robert Half International tell us?
An insider recently sold stocks, but they didn’t buy. Looking at the past twelve months, our data shows no insider buying. But it is good to see that Robert Half International is increasing its profits. It’s good to see a high number of Insider Owners, but insider selling leaves us cautious. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. At Simply Wall St, we found 1 warning sign for Robert Half International that deserve your attention before buying stocks.
Sure Robert Half International may not be the best stock to buy. So you might want to see this free collection of high quality companies.
For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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