Have Propel Holdings Insiders Been Selling Stock?

We'd be surprised if Propel Holdings Inc. (TSE:PRL) shareholders haven't noticed that the Co-Founder & Chief Risk Officer, Jonathan Goler, recently sold CA$316k worth of stock at CA$16.44 per share. However, the silver lining is that the sale only reduced their total holding by 2.8%, so we're hesitant to read anything much into it, on its own.

See our latest analysis for Propel Holdings

Propel Holdings Insider Transactions Over The Last Year

In fact, the recent sale by Jonathan Goler was the biggest sale of Propel Holdings shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of CA$15.35. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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 can see that insiders have bought 27.00k shares worth CA$196k. On the other hand they divested 32.22k shares, for CA$435k. Over the last year we saw more insider selling of Propel Holdings shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Propel Holdings

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. Propel Holdings insiders own 48% of the company, currently worth about CA$255m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Propel Holdings Insiders?

An insider sold Propel Holdings shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Propel Holdings makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. Our analysis shows 4 warning signs for Propel Holdings (2 are concerning!) and we strongly recommend you look at these before investing.

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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 of direct interests only, but not derivative transactions or indirect interests.

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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.