Have Insiders Sold Travelzoo Shares Recently?

Some Travelzoo (NASDAQ:TZOO) shareholders may be a little concerned to see that the Founder & Chief Talent Officer, Ralph Bartel, recently sold a substantial US$610k worth of stock at a price of US$15.26 per share. However, that sale only accounted for 0.9% of their holding, so arguably it doesn't say much about their conviction.

Check out our latest analysis for Travelzoo

Travelzoo Insider Transactions Over The Last Year

Notably, that recent sale by Founder & Chief Talent Officer Ralph Bartel was not the only time they sold Travelzoo shares this year. Earlier in the year, they fetched US$18.29 per share in a -US$2.6m sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$14.48. So it may not tell us anything about how insiders feel about the current share price.

Insiders in Travelzoo didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Travelzoo

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. It appears that Travelzoo insiders own 38% of the company, worth about US$65m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Travelzoo Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Travelzoo is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Travelzoo. In terms of investment risks, we've identified 2 warning signs with Travelzoo and understanding them should be part of your investment process.

Of course Travelzoo 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 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.