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MENT CEO sells about 1/4 of his shares

Daniel Payne

Daniel Payne

Moderator
Did anyone else read about Wally Rhines, CEO of MENT selling 100,000 shares at $24.70 today, decreasing his holdings to just 320.669 shares?

Their stock is up 13.58% over the past 12 months while the NASDAQ index was up 20.42%, so a bit under-performing.

Plus, Mentor just offered early retirement to trim their expenses.

Does this bode ill for MENT stock?

View attachment 14015

By comparison both CDNS and SNPS stocks were up 24.01% and 23.87%, respectively over the past 12 months, outperforming MENT stock.
 
That may not be significant given that he probably has a zillion options as well as some actual stock. Also, as CEO he gets blacked out so often by knowing non-public information (maybe couldn't sell until the Synopsys-Mentor judgement recently). Sometimes CEO's just sell when they are allowed to.
 
Paul, I agree that a CEO is quite limited on when they can sell shares.

In the past 12 months some 402,860 shares of MENT have been sold by insiders in 42 trades and 0 buys.

By comparison in the same 12 months at SNPS there were 18 buys and 27 sells, and at CDNS there were 29 buys and 89 sells by insiders.
 
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