Possible Bearish Signals With VeriSign Insiders Disposing Stock
Possible Bearish Signals With VeriSign Insiders Disposing Stock
The fact that multiple VeriSign, Inc. (NASDAQ:VRSN) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
過去一年間多名威瑞信公司（納斯達克:VRSN）的內部人士拋售了相當數量的股份，這可能會在投資者之間引起一些疑慮。通常在評估內部交易時，了解內部人士是否購買更有幫助，因爲內部人士出售股票的原因可能有各種各樣的解釋。然而，當多個內部人士在特定的時間段內出售股票時，股東應該注意到這一點，因爲這可能是一個紅旗信號。
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
雖然我們絕不建議投資者僅基於公司董事所做的事情來作出決策，但我們認爲密切關注內部人士所做的事情是完全合理的。
The Last 12 Months Of Insider Transactions At VeriSign
威瑞信的內部交易過去12個月的情況
In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, D. Bidzos, sold US$3.2m worth of shares at a price of US$220 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$175. So it may not shed much light on insider confidence at current levels.
在過去的12個月中，董事長D. Bidzos拋售了價值320萬美元的股票，每股價格爲220美元，這是內部人士單筆最大的交易。通常來說，我們不喜歡看到內部人士出售股票，但如果出售價格較低則更令人擔憂。這次交易的價格遠高於當前的股價175美元，這也說明了內部人士對當前股價的信心不容置疑。
In the last year VeriSign insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
在過去的一年中，威瑞信內部人士沒有購買任何公司股票。下面的圖表顯示了過去一年中公司和個人的內部交易情況。如果單擊圖表，您可以看到所有單個交易，包括股價、個人和日期！
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
如果你喜歡購買內部人員正在購買而不是銷售的股票，那麼你可能會喜歡這份免費的公司列表。（提示：它們中的大部分都被忽視了。）
VeriSign Insiders Are Selling The Stock
威瑞信內部人士正在拋售股票
The last quarter saw substantial insider selling of VeriSign shares. Specifically, insiders ditched US$476k worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
在上一個季度，多名威瑞信內部人士大量拋售其股票。具體來說，這些內部人士在那段時間內拋售了價值47.6萬美元的股票，而我們並沒有記錄任何購買。考慮到這一點，很難爭辯說所有內部人士認爲威瑞信的股票是一個好的購買機會。
Insider Ownership
內部人員持股情況
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. VeriSign insiders own 0.9% of the company, currently worth about US$149m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
對於普通股東來說，檢查公司內部人員持有的股份數量是值得的。高內部人員持股往往會使公司的領導更加關注股東利益。威瑞信的內部人士持有公司的0.9%股份，根據最近的股票價格，這些股份目前價值約14900萬美元。大多數股東都會樂見這種內部人員持股比例高，因爲這表明管理層的激勵與其他股東的利益是一致的。
What Might The Insider Transactions At VeriSign Tell Us?
威瑞信的內部交易可能會告訴我們什麼？
Insiders sold VeriSign shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, VeriSign makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for VeriSign (of which 1 is a bit concerning!) you should know about.
近期內部人士正在拋售威瑞信的股票，但他們沒有進行任何購買。過去一年也沒有任何購買能夠讓我們放心。好消息是，威瑞信仍在盈利並實現了收益增長。高內部人員持股是好事，但內部人士出售股票仍讓我們感到謹慎。因此，這些內部交易可以幫助我們建立有關威瑞信股票的論點，但了解這家公司面臨的風險也是值得的。每個公司都有風險，我們已經發現了2個威瑞信的警示標誌（其中1個有點令人擔憂！），您應該了解。
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？關注內容？請直接與我們聯繫。或者，發送電子郵件至editorial-team@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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。