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Don't Ignore The Fact That This Insider Just Sold Some Shares In AMN Healthcare Services, Inc. (NYSE:AMN)

Simply Wall St

We'd be surprised if AMN Healthcare Services, Inc. (NYSE:AMN) shareholders haven't noticed that the Independent Director, Michael M. Johns, recently sold US$159k worth of stock at US$59.88 per share. However, the silver lining is that the sale only reduced their total holding by 6.2%, so we're hesitant to read anything much into it, on its own.

See our latest analysis for AMN Healthcare Services

AMN Healthcare Services Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Chief Accounting Officer, Brian Scott, sold US$803k worth of shares at a price of US$64.25 per share. So what is clear is that an insider saw fit to sell at around the current price of US$60.42. 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).

Over the last year, we note insiders sold 51118 shares worth US$2.9m. Insiders in AMN Healthcare Services didn't buy any shares in the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:AMN Recent Insider Trading, November 8th 2019

I will like AMN Healthcare Services better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership of AMN Healthcare Services

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. AMN Healthcare Services insiders own about US$31m worth of shares. That equates to 1.1% of the company. 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 Does This Data Suggest About AMN Healthcare Services Insiders?

An insider hasn't bought AMN Healthcare Services stock in the last three months, but there was some selling. And even if we look to the last year, we didn't see any purchases. 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 AMN Healthcare Services.

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.