We’d be surprised if JetBlue Airways Corporation (NASDAQ:JBLU) shareholders haven’t noticed that the Chief Digital & Technology Officer, Easwaran Sundaram, recently sold US$411k worth of stock at US$12.93 per share. The eyebrow raising move amounted to a reduction of 26% in their holding.
The Last 12 Months Of Insider Transactions At JetBlue Airways
Notably, that recent sale by Easwaran Sundaram is the biggest insider sale of JetBlue Airways shares that we’ve seen in the last year. So we know that an insider sold shares at around the present share price of US$12.65. 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).
In total, JetBlue Airways insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does JetBlue Airways Boast High Insider Ownership?
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. Insiders own 0.5% of JetBlue Airways shares, worth about US$18m. 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 JetBlue Airways Insiders?
Insiders sold stock recently, but they haven’t been buying. Despite some insider buying, the longer term picture doesn’t make us feel much more positive. Insiders own shares, but we’re still pretty cautious, given the history of sales. We’re in no rush to buy! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing JetBlue Airways. To help with this, we’ve discovered 2 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in JetBlue Airways.
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.
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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. 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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