This Insider Has Just Sold Shares In Zevia PBC (NYSE:ZVIA)

By
Simply Wall St
Published
April 16, 2022
NYSE:ZVIA
Source: Shutterstock

Anyone interested in Zevia PBC (NYSE:ZVIA) should probably be aware that the Executive Chairman of the Board of Directors & CEO, Padraic Spence, recently divested US$138k worth of shares in the company, at an average price of US$4.04 each. That sale was 20% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Zevia PBC

The Last 12 Months Of Insider Transactions At Zevia PBC

In the last twelve months, the biggest single purchase by an insider was when Independent Director Julie Ruehl bought US$147k worth of shares at a price of US$7.35 per share. That means that even when the share price was higher than US$4.05 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Over the last year, we can see that insiders have bought 22.31k shares worth US$173k. But insiders sold 45.95k shares worth US$190k. All up, insiders sold more shares in Zevia PBC 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NYSE:ZVIA Insider Trading Volume April 16th 2022

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Zevia PBC Boast High Insider Ownership?

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. Our data suggests Zevia PBC insiders own 0.4% of the company, worth about US$1.2m. I generally like to see higher levels of ownership.

So What Do The Zevia PBC Insider Transactions Indicate?

Insiders haven't bought Zevia PBC stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. When you combine this with the relatively low insider ownership, we are very cautious about the stock. We'd certainly practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Zevia PBC has 3 warning signs we think you should be aware of.

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, but not derivative transactions.

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.

Make Confident Investment Decisions

Simply Wall St's Editorial Team provides unbiased, factual reporting on global stocks using in-depth fundamental analysis.
Find out more about our editorial guidelines and team.