Chief Administrative Officer & Director Of Solaris Energy Infrastructure Sold 26% Of Their Shares

Some Solaris Energy Infrastructure, Inc. (NYSE:SEI) shareholders may be a little concerned to see that the Chief Administrative Officer & Director, Cynthia Durrett, recently sold a substantial US$2.1m worth of stock at a price of US$44.62 per share. That's a big disposal, and it decreased their holding size by 26%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Solaris Energy Infrastructure

In fact, the recent sale by Cynthia Durrett was the biggest sale of Solaris Energy Infrastructure shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$44.96. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 26% of Cynthia Durrett's stake.

In the last twelve months insiders purchased 67.09k shares for US$1.8m. But insiders sold 88.34k shares worth US$3.6m. All up, insiders sold more shares in Solaris Energy Infrastructure than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Solaris Energy Infrastructure

I will like Solaris Energy Infrastructure 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.

Does Solaris Energy Infrastructure 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Solaris Energy Infrastructure insiders own about US$119m worth of shares (which is 3.9% of the company). 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 Solaris Energy Infrastructure Insiders?

Unfortunately, there has been more insider selling of Solaris Energy Infrastructure stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, Solaris Energy Infrastructure makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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've found that Solaris Energy Infrastructure has 4 warning signs (1 is a bit unpleasant!) that deserve your attention before going any further with your analysis.

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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.