14%of this American Tower Corporation (NYSE:AMT) insider's holdings were sold in the last year
From what we can see, insiders were net sellers in American Tower Corporation's (NYSE:AMT ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for American Tower
American Tower Insider Transactions Over The Last Year
In fact, the recent sale by Senior VP & Chief Accounting Officer Robert Meyer was not their only sale of American Tower shares this year. Earlier in the year, they fetched US$236 per share in a -US$660k sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$214. So it may not shed much light on insider confidence at current levels.
Robert Meyer sold a total of 3.80k shares over the year at an average price of US$232. 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insiders At American Tower Have Sold Stock Recently
Over the last three months, we've seen significant insider selling at American Tower. In total, Senior VP & Chief Accounting Officer Robert Meyer sold US$220k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.
Insider Ownership Of American Tower
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. American Tower insiders own about US$305m worth of shares (which is 0.3% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The American Tower Insider Transactions Indicate?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that American Tower is growing earnings. 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing American Tower. Be aware that American Tower is showing 4 warning signs in our investment analysis, and 2 of those shouldn't be ignored...
Of course American Tower may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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