Have Helix Energy Solutions Group Insiders Been Selling Stock?

We'd be surprised if Helix Energy Solutions Group, Inc. (NYSE:HLX) shareholders haven't noticed that the Executive VP & COO, Scott Sparks, recently sold US$275k worth of stock at US$6.88 per share. The eyebrow raising move amounted to a reduction of 12% in their holding.

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.

Helix Energy Solutions Group Insider Transactions Over The Last Year

In fact, the recent sale by Executive VP & COO Scott Sparks was not their only sale of Helix Energy Solutions Group shares this year. Earlier in the year, they fetched US$9.87 per share in a -US$1.7m sale. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$6.64). So it may not shed much light on insider confidence at current levels.

In the last year Helix Energy Solutions Group 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!

View our latest analysis for Helix Energy Solutions Group

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does Helix Energy Solutions Group Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Helix Energy Solutions Group insiders own about US$66m worth of shares. That equates to 6.8% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Helix Energy Solutions Group Insider Transactions Indicate?

An insider hasn't bought Helix Energy Solutions Group stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. On the plus side, Helix Energy Solutions Group makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Helix Energy Solutions Group.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.