We note that the Intersect ENT, Inc. (NASDAQ:XENT) Chief Commercial Officer, Robert Binney, recently sold US$79k worth of stock for US$21.54 per share. While that isn't a lot of money, it was a whopping 100% of their holding, so certainly isn't a good sign.
Intersect ENT Insider Transactions Over The Last Year
In fact, the recent sale by Robert Binney was the biggest sale of Intersect ENT shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$20.92. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I will like Intersect ENT better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Intersect ENT Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.4% of Intersect ENT shares, worth about US$16m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Intersect ENT Insider Transactions Indicate?
An insider sold Intersect ENT shares recently, but they didn't buy any. 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. We'd think twice before buying! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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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If you spot an error that warrants correction, please contact the editor at email@example.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.