Have Altice USA Insiders Been Selling Stock?

We wouldn't blame Altice USA, Inc. (NYSE:ATUS) shareholders if they were a little worried about the fact that Patrick Drahi, the Director recently netted about US$39m selling shares at an average price of US$24.50. That's a big disposal, and it decreased their holding size by 19%, which is notable but not too bad.

Check out our latest analysis for Altice USA

Altice USA Insider Transactions Over The Last Year

In fact, the recent sale by Patrick Drahi was the biggest sale of Altice USA shares made by an insider individual in the last twelve months, according to our records. 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$2.50. So it may not shed much light on insider confidence at current levels.

Patrick Drahi sold a total of 12.08m shares over the year at an average price of US$24.50. 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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Does Altice USA Boast High Insider Ownership?

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's great to see that Altice USA insiders own 47% of the company, worth about US$542m. 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 Altice USA Tell Us?

An insider hasn't bought Altice USA stock in the last three months, but there was some selling. 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. 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. For example, Altice USA has 3 warning signs (and 2 which are a bit unpleasant) we think you should know about.

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.