Stock Analysis

President & COO Daniel Alegre Just Sold A Bunch Of Shares In Activision Blizzard, Inc. (NASDAQ:ATVI)

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Some Activision Blizzard, Inc. (NASDAQ:ATVI) shareholders may be a little concerned to see that the President & COO, Daniel Alegre, recently sold a substantial US$694k worth of stock at a price of US$78.50 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 93% of their entire holding.

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The Last 12 Months Of Insider Transactions At Activision Blizzard

Over the last year, we can see that the biggest insider sale was by the Deputy CFO, Jesse Yang, for US$851k worth of shares, at about US$78.73 per share. That means that even when the share price was slightly below the current price of US$79.87, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 92% of Jesse Yang's stake.

Activision Blizzard insiders didn't buy any shares over 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!

NasdaqGS:ATVI Insider Trading Volume March 17th 2023

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Activision Blizzard insiders own 0.8% of the company, currently worth about US$476m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Activision Blizzard Insiders?

An insider hasn't bought Activision Blizzard stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. You'd be interested to know, that we found 2 warning signs for Activision Blizzard and we suggest you have a look.

Of course Activision Blizzard may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

What are the risks and opportunities for Activision Blizzard?

Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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  • Earnings are forecast to grow 11.72% per year


  • Significant insider selling over the past 3 months

  • Profit margins (20.1%) are lower than last year (30.7%)

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