Chief Technology Officer Of Eventbrite Sold 71% Of Their Shares

We'd be surprised if Eventbrite, Inc. (NYSE:EB) shareholders haven't noticed that the Chief Technology Officer, Vivek Sagi, recently sold US$381k worth of stock at US$3.64 per share. Equally important, that sale actually reduced their holding by a full 71% which hardly makes us feel bullish about the stock.

See our latest analysis for Eventbrite

The Last 12 Months Of Insider Transactions At Eventbrite

In fact, the recent sale by Vivek Sagi was the biggest sale of Eventbrite shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$3.50. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Eventbrite didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Eventbrite better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Eventbrite insiders own about US$16m worth of shares. That equates to 4.8% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Eventbrite Insiders?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Eventbrite. Case in point: We've spotted 1 warning sign for Eventbrite you should be aware of.

Of course Eventbrite 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.