Harley-Davidson, Inc. (NYSE:HOG) Chief Accounting Officer Mark Kornetzke Just Sold 84% Of His Stake

Anyone interested in Harley-Davidson, Inc. (NYSE:HOG) should probably know that chief accounting officer Mark Kornetzke recently sold $346,000 worth of company stock, at an average price of $40.17 each. Equally important, this sale actually reduced their stake by 84%, which makes us hardly optimistic about the stock.

Check out our latest analysis for Harley-Davidson

The last 12 months of insider trading at Harley-Davidson

Notably, this recent sale by Mark Kornetzke is the largest insider sale of Harley-Davidson stock we’ve seen in the past year. This means that an insider was selling shares at around the current price of US$38.95. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. Given that the sale took place roughly at current prices, this makes us a little cautious but is hardly a major concern.

The chart below shows insider trading (by companies and individuals) over the past year. By clicking on the graph below, you will be able to see the precise detail of each insider trade!

NYSE: HOG Insider Trading Volume March 5, 2022

I’ll like Harley-Davidson better if I see big insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.

Does Harley-Davidson boast of being a high insider level owner?

Examining the total insider holdings in a company can help you know if they are well aligned with common shareholders. We generally like to see fairly high levels of insider ownership. It appears Harley-Davidson insiders own 0.5% of the company, worth around $31 million. This level of insider ownership is good, but just short of being particularly noteworthy. This certainly suggests a reasonable degree of alignment.

So what does this data suggest about Harley-Davidson insiders?

An insider hasn’t bought Harley-Davidson stock in the past three months, but there have been some sales. And there have been no purchases to comfort us in the past year. But it’s good to see Harley-Davidson increasing its profits. Insider ownership is not particularly high, so this analysis makes us cautious about the company. We are in no rush to buy! In addition to knowing the insider trading going on, it pays to identify the risks that Harley-Davidson faces. To do this, you need to find out about the 3 warning signs we spotted with Harley-Davidson (including 1 that should not be overlooked).

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

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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