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Have Air New Zealand Limited (NZSE:AIR) Insiders Been Selling Their Stock?

Simply Wall St

Investors may wish to note that the Chief Revenue Officer of Air New Zealand Limited, Cam Wallace, recently netted NZ$82k from selling stock, receiving an average price of NZ$2.70. It wasn't a huge sale, but it did reduce their holding by 12.1%. This does not instill confidence.

Check out our latest analysis for Air New Zealand

Air New Zealand Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Chief Financial Officer, Jeff McDowall, sold NZ$318k worth of shares at a price of NZ$3.01 per share. That means that an insider was selling shares at around the current price of NZ$2.68. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

We note that in the last year insiders divested 382121 shares for a total of NZ$1.1m. In the last year Air New Zealand insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NZSE:AIR Recent Insider Trading, September 22nd 2019

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Air New Zealand insiders own 0.6% of the company, worth about NZ$19m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Air New Zealand Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Air New Zealand.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.