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Insiders at Crown Castle Inc. (NYSE:CCI) sold US$3.7m worth of stock, possibly indicating weakness in the future

Simply Wall St
·3 min read

In the last year, many Crown Castle Inc. (NYSE:CCI) insiders sold a substantial stake in the company which may have sparked shareholders' attention. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Crown Castle

The Last 12 Months Of Insider Transactions At Crown Castle

In the last twelve months, the biggest single sale by an insider was when the Executive VP & COO of Fiber, Christopher Levendos, sold US$2.1m worth of shares at a price of US$193 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$138). So it is hard to draw any strong conclusion from it.

Happily, we note that in the last year insiders paid US$843k for 5.91k shares. But they sold 19.50k shares for US$3.7m. In total, Crown Castle insiders sold more than they bought over the last year. They sold for an average price of about US$190. We are not joyful about insider selling. But the selling was at much higher prices than the current share price (US$138), so it probably doesn't tell us a lot about the value on offer today. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Crown Castle Insiders Bought Stock Recently

Over the last quarter, Crown Castle insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$397k worth of shares. This makes one think the business has some good points.

Does Crown Castle Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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. It's great to see that Crown Castle insiders own 0.5% of the company, worth about US$285m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Crown Castle Tell Us?

It is good to see recent purchasing. However, the longer term transactions are not so encouraging. The recent buying by some insiders , along with high insider ownership, suggest that Crown Castle insiders are fairly aligned, and optimistic. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 2 warning signs with Crown Castle and understanding them should be part of your investment process.

But note: Crown Castle 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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