New Fortress Energy Insiders Placed Bullish Bets Worth US$896.5k

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in New Fortress Energy Inc.'s (NASDAQ:NFE) instance, it's good news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for New Fortress Energy

New Fortress Energy Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Matthew Wilkinson, for US$454k worth of shares, at about US$42.28 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$32.66. So it may not shed much light on insider confidence at current levels. Matthew Wilkinson was the only individual insider to sell over the last year.

Over the last year, we can see that insiders have bought 25.48k shares worth US$897k. On the other hand they divested 10.80k shares, for US$454k. In the last twelve months there was more buying than selling by New Fortress Energy insiders. Their average price was about US$35.18. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of New Fortress Energy

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. New Fortress Energy insiders own 49% of the company, currently worth about US$3.3b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At New Fortress Energy Tell Us?

It doesn't really mean much that no insider has traded New Fortress Energy shares in the last quarter. However, our analysis of transactions over the last year is heartening. With high insider ownership and encouraging transactions, it seems like New Fortress Energy insiders think the business has merit. 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. At Simply Wall St, we found 3 warning signs for New Fortress Energy that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 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.