Trade Alert: Executive VP and President of Aerospace & Defense (A&D) Sector Of TTM Technologies Catherine Gridley Has Sold Stock

Some TTM Technologies, Inc. (NASDAQ:TTMI) shareholders may be a little concerned to see that the Executive VP and President of Aerospace & Defense (A&D) Sector, Catherine Gridley, recently sold a substantial US$1.0m worth of stock at a price of US$40.46 per share. That sale reduced their total holding by 32% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At TTM Technologies

In fact, the recent sale by Catherine Gridley was the biggest sale of TTM Technologies shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$40.06. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In total, TTM Technologies insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for TTM Technologies

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that TTM Technologies insiders own 1.7% of the company, worth about US$71m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About TTM Technologies Insiders?

Unfortunately, there has been more insider selling of TTM Technologies stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, TTM Technologies makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! 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. For example - TTM Technologies has 2 warning signs we think you should be aware of.

But note: TTM Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

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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.