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Don't Ignore The Fact That This Insider Just Sold Some Shares In SI-BONE, Inc. (NASDAQ:SIBN)

Simply Wall St

Investors may wish to note that the Chief Technology Officer of SI-BONE, Inc., Scott Yerby, recently netted US$3.5k from selling stock, receiving an average price of US$15.82. However we note that the sale only shrunk their holding by 0.2%.

View our latest analysis for SI-BONE

SI-BONE Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Chairman, Jeffrey Dunn, sold US$113k worth of shares at a price of US$15.82 per share. So we know that an insider sold shares at around the present share price of US$15.73. 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.

In the last twelve months insiders netted US$206k for 12107 shares sold. In the last year SI-BONE insiders didn't buy any company stock. 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!

NasdaqGM:SIBN Recent Insider Trading, October 19th 2019

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Insider Ownership of SI-BONE

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 5.7% of SI-BONE shares, worth about US$22m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At SI-BONE Tell Us?

Insiders haven't bought SI-BONE stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! Of course, the future is what matters most. So if you are interested in SI-BONE, you should check out this free report on analyst forecasts for the company.

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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.