Don't Ignore The Insider Selling In Gulfport Energy

We'd be surprised if Gulfport Energy Corporation (NYSE:GPOR) shareholders haven't noticed that the Lead Independent Director, David Wolf, recently sold US$326k worth of stock at US$140 per share. The eyebrow raising move amounted to a reduction of 25% in their holding.

See our latest analysis for Gulfport Energy

Gulfport Energy Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Executive VP, Patrick Craine, sold US$11m worth of shares at a price of US$159 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$142. So it may not shed much light on insider confidence at current levels.

In the last year Gulfport Energy insiders didn't buy any company stock. 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!

For those who like to find hidden gems this free list of small cap 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.8% of Gulfport Energy shares, worth about US$21m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Gulfport Energy Insiders?

Insiders haven't bought Gulfport Energy 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. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Gulfport Energy. Case in point: We've spotted 3 warning signs for Gulfport Energy you should be aware of, and 2 of these shouldn't be ignored.

Of course Gulfport Energy 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 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.