We wouldn't blame Crown Castle International Corp. (REIT) (NYSE:CCI) shareholders if they were a little worried about the fact that Robert Ackerman, a company insider, recently netted about US$1.5m selling shares at an average price of US$143. Probably the most concerning element of the whole transaction is that the dump amounted to 55% of their entire holding.
The Last 12 Months Of Insider Transactions At Crown Castle International (REIT)
In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board J. Martin bought US$2.3m worth of shares at a price of US$123 per share. That implies that an insider found the current price of US$141 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Crown Castle International (REIT) insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 35000 shares worth US$4.4m. On the other hand they divested 17200 shares, for US$2.3m. In total, Crown Castle International (REIT) insiders bought more than they sold over the last year. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Crown Castle International (REIT)
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. Crown Castle International (REIT) insiders own about US$246m worth of shares (which is 0.4% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Crown Castle International (REIT) Insiders?
Insiders haven't bought Crown Castle International (REIT) stock in the last three months, but there was some selling. But we take heart from prior transactions. And insider ownership remains quite considerable. So we're not too bothered by recent selling. 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.
But note: Crown Castle International (REIT) may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 firstname.lastname@example.org. 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.