Chief Executive Officer of Radio One & Reach Media Divisions David Kantor Sold A Bunch Of Shares In Urban One

We'd be surprised if Urban One, Inc. (NASDAQ:UONE.K) shareholders haven't noticed that the Chief Executive Officer of Radio One & Reach Media Divisions, David Kantor, recently sold US$343k worth of stock at US$0.98 per share. Equally important, that sale actually reduced their holding by a full 98% which hardly makes us feel bullish about the stock.

See our latest analysis for Urban One

Urban One Insider Transactions Over The Last Year

In fact, the recent sale by David Kantor was the biggest sale of Urban One shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (US$1.05). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was 98% of David Kantor's stake.

Insiders in Urban One 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of Urban One

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. It's great to see that Urban One insiders own 53% of the company, worth about US$30m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Urban One Tell Us?

Insiders sold Urban One shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Urban One. Our analysis shows 4 warning signs for Urban One (2 shouldn't be ignored!) and we strongly recommend you look at these before investing.

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.