CEO & Director of Ascend Wellness Holdings Picks Up 47% More Stock

Investors who take an interest in Ascend Wellness Holdings, Inc. (CSE:AAWH.U) should definitely note that the CEO & Director, John Hartmann, recently paid US$1.25 per share to buy US$137k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 47%.

Check out our latest analysis for Ascend Wellness Holdings

Ascend Wellness Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Co- Founder & Executive Chairman of The Board, Abner Kurtin, for US$195k worth of shares, at about US$1.17 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$1.29. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 10% of Abner Kurtin's stake. Abner Kurtin was the only individual insider to sell shares in the last twelve months.

Abner Kurtin sold a total of 188.00k shares over the year at an average price of US$1.13. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Ascend Wellness Holdings better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Ascend Wellness Holdings

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Ascend Wellness Holdings insiders own about US$14m worth of shares. That equates to 4.8% of the company. 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 Ascend Wellness Holdings Insider Transactions Indicate?

The stark truth for Ascend Wellness Holdings is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ascend Wellness Holdings. For example - Ascend Wellness Holdings has 3 warning signs we think you should be aware of.

But note: Ascend Wellness Holdings 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 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.