Have Insiders Sold Casey's General Stores Shares Recently?

We wouldn't blame Casey's General Stores, Inc. (NASDAQ:CASY) shareholders if they were a little worried about the fact that Darren Rebelez, the President recently netted about US$5.1m selling shares at an average price of US$375. That's a big disposal, and it decreased their holding size by 15%, which is notable but not too bad.

See our latest analysis for Casey's General Stores

Casey's General Stores Insider Transactions Over The Last Year

Notably, that recent sale by Darren Rebelez is the biggest insider sale of Casey's General Stores shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$373. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year we saw more insider selling of Casey's General Stores shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of Casey's General Stores

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Casey's General Stores insiders own 0.6% of the company, worth about US$88m. 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 Casey's General Stores Insiders?

Insiders haven't bought Casey's General Stores stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. But since Casey's General Stores is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Casey's General Stores.

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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.