This Insider Has Just Sold Shares In Ingles Markets, Incorporated (NASDAQ:IMKT.A)

Investors may wish to note that the Director of Ingles Markets, Incorporated, Laura Sharp, recently netted US$78k from selling stock, receiving an average price of US$52.03. On the bright side, that's just a small sale and only reduced their holding by 4.9%.

See our latest analysis for Ingles Markets

Ingles Markets Insider Transactions Over The Last Year

In fact, the recent sale by Director Laura Sharp was not their only sale of Ingles Markets shares this year. Earlier in the year, they fetched US$42.27 per share in a -US$106k sale. That means that an insider was selling shares at slightly below the current price (US$50.64). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent 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 just 7.5% of Laura Sharp's stake.

Laura Sharp divested 4.00k shares over the last 12 months at an average price of US$45.93. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership of Ingles Markets

For a common shareholder, it is worth checking how many shares are held by company 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. Ingles Markets insiders own 28% of the company, currently worth about US$287m 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.

So What Do The Ingles Markets Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at Ingles Markets, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. But since Ingles Markets 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ingles Markets. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Ingles Markets.

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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, but not derivative transactions.

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