We wouldn’t blame CBRE Group, Inc. (NYSE:CBRE) shareholders if they were a little worried about the fact that J. Kirk, the Global COO & Global COO of Advisory Services recently netted about US$1.7m selling shares at an average price of US$97.01. That sale reduced their total holding by 12% which is hardly insignificant, but far from the worst we’ve seen.
See our latest analysis for CBRE Group
The Last 12 Months Of Insider Transactions At CBRE Group
In the last twelve months, the biggest single sale by an insider was when the Global CEO of Real Estate Investments & CEO of Trammell Crow Company, Michael Lafitte, sold US$1.9m worth of shares at a price of US$77.82 per share. That means that an insider was selling shares at slightly below the current price (US$97.75). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower 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. This single sale was just 27% of Michael Lafitte’s stake.
Insiders in CBRE Group didn’t buy any shares in 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!
NYSE:CBRE Insider Trading Volume August 8th 2021
I will like CBRE Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does CBRE Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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 CBRE Group insiders own 1.0% of the company, worth about US$321m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At CBRE Group Tell Us?
Insiders sold CBRE Group shares recently, but they didn’t buy any. And even if we look at the last year, we didn’t see any purchases. But since CBRE Group is profitable and growing, we’re not too worried by 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 these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for CBRE Group that deserve your attention before buying any shares.
But note: CBRE Group 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, but not derivative transactions.
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