WillScot Mobile Mini Holdings Insiders Sold US$7.5m Of Shares Suggesting Hesitancy

In the last year, many WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

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.

View our latest analysis for WillScot Mobile Mini Holdings

The Last 12 Months Of Insider Transactions At WillScot Mobile Mini Holdings

The Independent Director, Jeffrey Sagansky, made the biggest insider sale in the last 12 months. That single transaction was for US$4.7m worth of shares at a price of US$47.18 each. That means that an insider was selling shares at around the current price of US$42.92. While insider selling is a negative, to us, it is more negative if the shares are sold 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 the last twelve months insiders purchased 22.95k shares for US$1.1m. But insiders sold 160.54k shares worth US$7.5m. In total, WillScot Mobile Mini Holdings 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insiders At WillScot Mobile Mini Holdings Have Sold Stock Recently

We've seen more insider selling than insider buying at WillScot Mobile Mini Holdings recently. In total, Senior VP Sally Shanks sold US$496k worth of shares in that time. Meanwhile CEO & Director Bradley Soultz bought US$204k worth. Since the selling really does outweigh the buying, we'd say that these transactions may suggest that some insiders feel the shares are not cheap.

Insider Ownership Of WillScot Mobile Mini Holdings

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. WillScot Mobile Mini Holdings insiders own about US$214m worth of shares (which is 2.6% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At WillScot Mobile Mini Holdings Tell Us?

The insider sales have outweighed the insider buying, at WillScot Mobile Mini Holdings, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since WillScot Mobile Mini Holdings is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that WillScot Mobile Mini Holdings has 2 warning signs and it would be unwise to ignore these.

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.