Selling Five Below Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders
Selling Five Below Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders
Despite the fact that Five Below, Inc.'s (NASDAQ:FIVE) value has dropped 16% in the last week insiders who sold US$1.9m worth of stock in the past 12 months have had less success. Insiders might have been better off holding onto their shares, given that the average selling price of US$186 is still below the current share price.
儘管Five Below, Inc. (NASDAQ:FIVE)的價值在過去一週下跌了16%,但在過去12個月中出售價值190萬美元的股票的內部人士並未取得較大的成功。鑑於平均出售價仍低於當前股價的186美元,內部人士本應更好地持有股份。
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
雖然我們不認爲股東應該簡單地跟隨內部交易,但我們認爲監控內部人士的行動是很合理的。
Five Below Insider Transactions Over The Last Year
Five Below去年的內部交易
Over the last year, we can see that the biggest insider sale was by the Co-Founder & Non-Executive Chairman, Thomas Vellios, for US$1.9m worth of shares, at about US$187 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$118). So it may not tell us anything about how insiders feel about the current share price. Thomas Vellios was the only individual insider to sell shares in the last twelve months.
可以看出,去年最大的內部交易是由聯合創始人兼非執行主席Thomas Vellios進行的,在每股約187美元的價格下售出了價值190萬美元的股票。我們通常不喜歡看到內部人士銷售股票,但售出價越低,我們就越關注。好消息是,這次交易價格高於最新價格(118美元)。因此,這可能並不告訴我們內部人士對當前股價的感受。過去12個月中,Thomas Vellios是唯一一個出售股票的個人內部人士。
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
以下是公司和個人過去12個月的內部交易的可視化描述。如果單擊圖表,您可以查看所有個人交易,包括股票價格、個人和日期!
![insider-trading-volume](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240611/0-d63e796e1594df731c85f0a94e6fe219-0-add9e7c44011a48207a9c1fdba738db8.png/big)
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.
如果您和我一樣,您就不會錯過這個免費的小盤股票列表,這些股票不僅被內部人士購買,而且估值也很有吸引力。
Insider Ownership
內部人員持股情況
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Five Below insiders own 1.8% of the company, currently worth about US$121m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
測試公司領導和其他股東之間的一致性的另一種方法是看他們擁有多少股。通常,內部所有權越高,內部人士被激勵爲長期建設公司的可能性就越大。Five Below內部人士擁有公司的1.8%股份,根據最近的股價,目前價值約1.21億美元。我喜歡看到這種程度的內部所有權,因爲它增加了管理層考慮股東最佳利益的機會。
So What Does This Data Suggest About Five Below Insiders?
那麼這些數據對Five Below內部人員有何提示?
It doesn't really mean much that no insider has traded Five Below shares in the last quarter. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of Five Below insider transactions don't fill us with confidence. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Five Below and we suggest you have a look.
最近一個季度沒有內部人士交易Five Below的股票並沒有太大意義。內部人士擁有大量股票令人振奮,但由於Five Below去年的內部交易並未給我們帶來信心,我們希望看到更多內部人士買入。因此,這些內部交易可以幫助我們建立有關股票的論點,但了解該公司面臨的風險也是值得的。你可能想知道,我們發現了Five Below的一個警示信號,我們建議你看一看。
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.
如果你想查看其他公司——那些具有開多淨資產收益率和低負債的有趣公司的免費清單——那麼不要錯過這個機會。
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.
對於本文而言,內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置,但不包括衍生交易或間接利益。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。