Trade Alert: The Head of Originations & Distribution Of P10, Inc. (NYSE:PX), Michael Feinglass, Has Sold Some Shares Recently

Anyone interested in P10, Inc. (NYSE:PX) should probably be aware that the Head of Originations & Distribution, Michael Feinglass, recently divested US$200k worth of shares in the company, at an average price of US$9.02 each. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn't exactly instill confidence.

View our latest analysis for P10

The Last 12 Months Of Insider Transactions At P10

Notably, that recent sale by Michael Feinglass is the biggest insider sale of P10 shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (US$9.70). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was 100% of Michael Feinglass's holding.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that P10 insiders own 30% of the company, worth about US$339m. 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 P10 Insiders?

An insider sold P10 shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since P10 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 P10. At Simply Wall St, we found 2 warning signs for P10 that deserve your attention before buying any shares.

Of course P10 may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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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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.