Have Insiders Sold Apollo Global Management Shares Recently?

We wouldn't blame Apollo Global Management, Inc. (NYSE:APO) shareholders if they were a little worried about the fact that Leon Black, a company insider, recently netted about US$71m selling shares at an average price of US$142. However, that sale only accounted for 1.2% of their holding, so arguably it doesn't say much about their conviction.

Apollo Global Management Insider Transactions Over The Last Year

Notably, that recent sale by insider Leon Black was not the only time they sold Apollo Global Management shares this year. They previously made an even bigger sale of -US$173m worth of shares at a price of US$175 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. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$143. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 3.27k shares worth US$347k. But insiders sold 2.66m shares worth US$438m. All up, insiders sold more shares in Apollo Global Management 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. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Apollo Global Management

I will like Apollo Global Management 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 Of Apollo Global Management

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Apollo Global Management insiders own 21% of the company, worth about US$17b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Apollo Global Management Insiders?

Insiders sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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. While conducting our analysis, we found that Apollo Global Management has 1 warning sign and it would be unwise to ignore it.

But note: Apollo Global Management 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.