This Insider Has Just Sold Shares In Carter Bankshares

We'd be surprised if Carter Bankshares, Inc. (NASDAQ:CARE) shareholders haven't noticed that an insider, Matthew Speare, recently sold US$269k worth of stock at US$19.83 per share. The eyebrow raising move amounted to a reduction of 38% in their holding.

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The Last 12 Months Of Insider Transactions At Carter Bankshares

Notably, that recent sale by Matthew Speare is the biggest insider sale of Carter Bankshares shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$19.73. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In total, Carter Bankshares insiders sold more than they bought over the last year. 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!

See our latest analysis for Carter Bankshares

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Insider Ownership Of Carter Bankshares

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. Insiders own 3.6% of Carter Bankshares shares, worth about US$16m. 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 Carter Bankshares Insiders?

Insiders sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Carter Bankshares makes money, and is growing profits. 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 Carter Bankshares. Every company has risks, and we've spotted 1 warning sign for Carter Bankshares you should know about.

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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.