Keep An Eye On AirSculpt Technologies As Insider Stock Selling Hits US$1.1m

Even though AirSculpt Technologies, Inc. (NASDAQ:AIRS) stock gained 15% last week, insiders who sold US$1.1m worth of stock over the past year are probably better off. Selling at an average price of US$6.94, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

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AirSculpt Technologies Insider Transactions Over The Last Year

They previously made a sale of -US$758k worth of shares at a price of US$7.53 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$3.92). So it is hard to draw any strong conclusion from it.

In the last twelve months insiders purchased 9.12k shares for US$26k. On the other hand they divested 163.82k shares, for US$1.1m. All up, insiders sold more shares in AirSculpt Technologies 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!

View our latest analysis for AirSculpt Technologies

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Insiders At AirSculpt Technologies Have Bought Stock Recently

Over the last three months, we've seen a bit of insider buying at AirSculpt Technologies. Insiders bought US$26k worth of shares in that time. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.

Does AirSculpt Technologies Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. AirSculpt Technologies insiders own about US$61m worth of shares. That equates to 27% 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 AirSculpt Technologies Insider Transactions Indicate?

We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. Our analysis of AirSculpt Technologies insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. 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. To help with this, we've discovered 2 warning signs (1 is significant!) that you ought to be aware of before buying any shares in AirSculpt Technologies.

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.