Have Insiders Sold RadNet Shares Recently?

We wouldn't blame RadNet, Inc. (NASDAQ:RDNT) shareholders if they were a little worried about the fact that Stephen Forthuber, the President & COO of Eastern Operations recently netted about US$969k selling shares at an average price of US$60.34. However, that sale only accounted for 3.0% of their holding, so arguably it doesn't say much about their conviction.

We've discovered 1 warning sign about RadNet. View them for free.

RadNet Insider Transactions Over The Last Year

The President & COO of Western Operations, Norman Hames, made the biggest insider sale in the last 12 months. That single transaction was for US$4.2m worth of shares at a price of US$63.08 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$56.77. So it may not shed much light on insider confidence at current levels.

Insiders in RadNet didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart 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 RadNet

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Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. RadNet insiders own 11% of the company, currently worth about US$458m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At RadNet Tell Us?

Insiders sold RadNet shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. 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. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for RadNet and we suggest you have a look.

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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.