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Have Insiders Sold Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Recently?

Simply Wall St

We wouldn't blame Sirius XM Holdings Inc. (NASDAQ:SIRI) shareholders if they were a little worried about the fact that Scott Greenstein, the President & Chief Content Officer recently netted about US$1.6m selling shares at an average price of US$6.77. That sale reduced their total holding by 19% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Sirius XM Holdings

The Last 12 Months Of Insider Transactions At Sirius XM Holdings

In fact, the recent sale by Scott Greenstein was the biggest sale of Sirius XM Holdings shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was slightly below the current price of US$6.82, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 19% of Scott Greenstein's holding.

In the last twelve months insiders netted US$2.8m for 445220 shares sold. In the last year Sirius XM Holdings insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGS:SIRI Recent Insider Trading, November 4th 2019

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).

Does Sirius XM Holdings Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Sirius XM Holdings insiders own 0.2% of the company, worth about US$70m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Sirius XM Holdings Insider Transactions Indicate?

Insiders haven't bought Sirius XM Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Sirius XM Holdings makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd think twice before buying! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Sirius XM Holdings.

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.