Spencer Rascoff Bought 106% More Shares In Match Group

Match Group, Inc. (NASDAQ:MTCH) shareholders (or potential shareholders) will be happy to see that the CEO & Director, Spencer Rascoff, recently bought a whopping US$2.0m worth of stock, at a price of US$28.05. That increased their holding by a full 106%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

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Match Group Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Advisor, Gary Swidler, for US$8.0m worth of shares, at about US$33.40 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$28.80). So it is hard to draw any strong conclusion from it.

In the last twelve months insiders purchased 133.45k shares for US$4.1m. But they sold 243.01k shares for US$8.0m. Over the last year we saw more insider selling of Match Group shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Match Group

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Insider Ownership Of Match Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Match Group insiders own 0.6% of the company, worth about US$39m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Match Group Tell Us?

The insider sales have outweighed the insider buying, at Match Group, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Match Group. For example - Match Group has 3 warning signs we think you should be aware of.

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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.