Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Discussed below are four stocks that have had recent selling activity reported by insiders.
Ag Growth International Inc. (AFN-T)
Between May 28 and May 31, director Gary Anderson (and former chief executive officer before retiring in 2016) sold a total of 14,500 shares at an average price per share of approximately $58.09, trimming his portfolio’s holdings to 108,473 shares.
CGI Group Inc. (GIB.A-T)
On May 23, president and chief executive officer George Schindler exercised his options and sold the corresponding number of shares (40,000) at an average price per share of approximately $77.63, eliminating the portfolio’s position.
Constellation Software Inc. (CSU-T)
On May 28, John Billowits, chief executive officer – Vela Software (an operating group of Constellation Software), sold 900 shares at an average price per share of approximately $1,012.17, trimming his account’s holdings to 41,930 shares.
Kinaxis Inc. (KXS-T)
On May 28, chief financial officer Richard Monkman sold 10,000 shares at a price per share of $83.25 in an account that he has control or direction over (2496248 Ontario Inc.), leaving a balance of 112,027 shares.
Last month, we reported that the president and chief executive officer John Sicard sold 10,000 shares at a price per share of $83 on May 16, leaving 55,889 shares in his portfolio.
Jennifer Dowty