Have Insiders Sold LifeStance Health Group Shares Recently?

We'd be surprised if LifeStance Health Group, Inc. (NASDAQ:LFST) shareholders haven't noticed that the Executive Vice President of Practice Operations, Lisa Miller, recently sold US$368k worth of stock at US$6.43 per share. The eyebrow raising move amounted to a reduction of 18% in their holding.

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LifeStance Health Group Insider Transactions Over The Last Year

The Executive Chairman Kenneth Burdick made the biggest insider purchase in the last 12 months. That single transaction was for US$492k worth of shares at a price of US$4.54 each. We do like to see buying, but this purchase was made at well below the current price of US$6.56. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In total, LifeStance Health Group insiders sold more 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 LifeStance Health Group

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

Insider Ownership Of LifeStance Health Group

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. LifeStance Health Group insiders own about US$201m worth of shares (which is 7.8% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The LifeStance Health Group Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing LifeStance Health Group. Every company has risks, and we've spotted 1 warning sign for LifeStance Health Group you should know about.

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.