Finance

Analyzing the Insider Data for HP Inc. (HPQ)

Recent insider trends for HP Inc. (NYSE:HPQ) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how HPQ might perform in the future.

Institutions own 81.32% of HP Inc. (HPQ)’s shares. The total value of these holdings, in millions, is $31,386. Among active positions in the latest quarter, 336 holders increased their positions by a total of 95.69 million shares, 385 holders decreased the positions by a total of 78.83 million shares, and 145 holders held their positions. This works out to a net increase in ownership of 16.87 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 58 holders initiated new positions by a total of 17.32 million shares and 59 holders exited their positions by a total of 2.57 million shares. This nets out to an increase of 14.75 million shares and is a bullish sign for HPQ.

In the last three months, insiders executed a total of 51 trades. 51 were sells. Insider ownership decreased by a total of 2.62 million shares, which suggests that HPQ’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 82 sells, and ownership decreased by a net of 7.32 million shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. HP Inc. (NYSE:HPQ)’s short interest is 22.83 million shares, or % of the float. This represents a decrease of -14% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that HPQ is a Strong buy, which implies that HPQ is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that HP Inc. (NYSE:HPQ) is undervalued.

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