This Insider Has Just Sold Shares In iRhythm Technologies, Inc. (NASDAQ:IRTC)

We'd be surprised if iRhythm Technologies, Inc. (NASDAQ:IRTC) shareholders haven't noticed that the COO & Secretary, Douglas Devine, recently sold US$415k worth of stock at US$118 per share. That sale was 18% of their holding, so it does make us raise an eyebrow.

View our latest analysis for iRhythm Technologies

iRhythm Technologies Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the President, Quentin Blackford, sold US$1.6m worth of shares at a price of US$123 per share. That means that an insider was selling shares at around the current price of US$119. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

iRhythm Technologies insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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).

Insider Ownership Of iRhythm Technologies

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. iRhythm Technologies insiders own about US$57m worth of shares. That equates to 1.6% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At iRhythm Technologies Tell Us?

Insiders sold iRhythm Technologies shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing iRhythm Technologies. For example - iRhythm Technologies has 3 warning signs we think you should be aware of.

But note: iRhythm Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.

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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.