This Jet2 Insider Reduced Their Stake By 100%

Viewing insider transactions for Jet2 plc's (LON:JET2 ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Jet2

The Last 12 Months Of Insider Transactions At Jet2

Over the last year, we can see that the biggest insider sale was by the insider, Mark Aubrey Laurence, for UK£1.9m worth of shares, at about UK£12.91 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of UK£13.52. 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. 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 100% of Mark Aubrey Laurence's stake. Mark Aubrey Laurence was the only individual insider to sell shares in the last twelve months.

Mark Aubrey Laurence divested 300.00k shares over the last 12 months at an average price of UK£12.89. 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!

I will like Jet2 better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Jet2 Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Jet2. Specifically, Independent Non-Executive Chairman Robin Terrell bought UK£119k worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future.

Does Jet2 Boast High Insider Ownership?

Many investors like to check how much of a company is owned by 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. Jet2 insiders own 18% of the company, currently worth about UK£520m 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.

What Might The Insider Transactions At Jet2 Tell Us?

The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, Jet2 insiders are reasonably well aligned, and optimistic for the future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Jet2.

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 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.

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