QXO Sees Insider Stock Selling

Looking at QXO, Inc.'s (NYSE:QXO ) insider transactions over the last year, we can see that insiders were net sellers. That is, there were more number of shares sold by insiders than there were 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.

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The Last 12 Months Of Insider Transactions At QXO

In the last twelve months, the biggest single sale by an insider was when the insider, Mark Meller, sold US$5.2m worth of shares at a price of US$288 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$16.82. So it is hard to draw any strong conclusion from it. Mark Meller was the only individual insider to sell over the last year.

Mark Meller ditched 36.40k shares over the year. The average price per share was US$204. 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 QXO

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Does QXO Boast High Insider Ownership?

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. QXO insiders own about US$287m worth of shares (which is 3.2% of the company). 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 QXO Insiders?

It doesn't really mean much that no insider has traded QXO shares in the last quarter. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the QXO insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing QXO. You'd be interested to know, that we found 2 warning signs for QXO and we suggest you have a look.

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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.