FLIR Systems (NASDAQ:FLIR) designs, manufactures, and markets thermal imaging, and other sensing products and systems worldwide.
Insider selling during the last 30 days
Here is a table of FLIR Systems' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Earl Lewis||Director||May 1-2||50,000||No||848,079 shares + 460,000 options||3.7%|
|Angus Macdonald||Director||Apr 29-May 2||29,000||No||16,073 shares||64.3%|
|John Carter||Director||April 29||48,000||No||30,073 shares + 10,900 options||53.9%|
|Steven Wynne||Director||April 29||32,000||No||23,073 shares + 10,900 options||48.5%|
There have been 159,000 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of FLIR Systems' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 598,331 shares sold, and there have been zero shares purchased by insiders since January 2013. The month of March 2014 has seen the most insider selling.
FLIR Systems reported the first-quarter financial results on April 25 with the following highlights:
|Net income||$29.9 million|
The four insiders sold their shares after these results.
FLIR Systems' revenues peaked in 2011.
FLIR Systems' 2014 guidance is as follows:
|Qtrly Rev Growth (yoy):||0.01||-0.07||-0.04|
|PEG (5 yr expected):||1.67||3.38||1.69|
FLIR Systems has the highest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only FLIR Systems has seen intensive insider selling during the last 30 days.
There have been four different insiders selling FLIR Systems, and there have not been any insiders buying FLIR Systems during the last 30 days. Three of these four insiders decreased their holdings by more than 10%. FLIR Systems has an insider ownership of 1.04%.
Before going short FLIR Systems, I would like to get a bearish confirmation from the Point & Figure chart. The three main reasons for the proposed short entry are a relatively high P/S ratio, relatively high P/E ratio, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.