Our analysis indicates that WSC is potentially undervalued!
The Last 12 Months Of Insider Transactions At WillScot Mobile Mini Holdings
In fact, the recent sale by Independent Director Jeffrey Sagansky was not their only sale of WillScot Mobile Mini Holdings shares this year. They previously made an even bigger sale of -US$4.1m worth of shares at a price of US$41.36 per share. So it’s clear an insider wanted to take some cash off the table, even below the current price of US$46.76. 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. We note that the biggest single sale was only 3.6% of Jeffrey Sagansky’s holding.
Over the last year, we can see that insiders have bought 32.75k shares worth US$1.2m. But they sold 156.02k shares for US$6.7m. Over the last year we saw more insider selling of WillScot Mobile Mini Holdings shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
I will like WillScot Mobile Mini Holdings better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. It’s great to see that WillScot Mobile Mini Holdings insiders own 2.4% of the company, worth about US$231m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At WillScot Mobile Mini Holdings Tell Us?
Unfortunately, there has been more insider selling of WillScot Mobile Mini Holdings stock, than buying, in the last three months. Zooming out, the longer term picture doesn’t give us much comfort. But since WillScot Mobile Mini Holdings is profitable and growing, we’re not too worried about this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. Case in point: We’ve spotted 2 warning signs for WillScot Mobile Mini Holdings you should be aware of.
Of course WillScot Mobile Mini Holdings 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, but not derivative transactions.
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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.