Trade Alert: Senior VP & CFO Of AvidXchange Holdings Joel Wilhite Has Sold Stock

Anyone interested in AvidXchange Holdings, Inc. (NASDAQ:AVDX) should probably be aware that the Senior VP & CFO, Joel Wilhite, recently divested US$383k worth of shares in the company, at an average price of US$8.10 each. Equally important, that sale actually reduced their holding by a full 100% which hardly makes us feel bullish about the stock.

See our latest analysis for AvidXchange Holdings

The Last 12 Months Of Insider Transactions At AvidXchange Holdings

In the last twelve months, the biggest single sale by an insider was when the Co-Founder, Michael Praeger, sold US$1.3m worth of shares at a price of US$12.80 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$8.15). So it may not shed much light on insider confidence at current levels.

Insiders in AvidXchange Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like AvidXchange Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. AvidXchange Holdings insiders own 8.5% of the company, currently worth about US$141m based on the recent share price. 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 AvidXchange Holdings Tell Us?

An insider hasn't bought AvidXchange Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for AvidXchange Holdings and we suggest you have a look.

But note: AvidXchange Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.