Ariel Emanuel Is The Independent Director of Live Nation Entertainment, Inc. (NYSE:LYV) And They Just Sold 97% Of Their Shares

We wouldn't blame Live Nation Entertainment, Inc. (NYSE:LYV) shareholders if they were a little worried about the fact that Ariel Emanuel, the Independent Director recently netted about US$4.2m selling shares at an average price of US$58.26. Probably the most concerning element of the whole transaction is that the dump amounted to 97% of their entire holding.

View our latest analysis for Live Nation Entertainment

The Last 12 Months Of Insider Transactions At Live Nation Entertainment

Notably, that recent sale by Ariel Emanuel is the biggest insider sale of Live Nation Entertainment shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$53.00. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In total, Live Nation Entertainment insiders sold more than they bought over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does Live Nation Entertainment Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Live Nation Entertainment insiders own 2.0% of the company, currently worth about US$228m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Live Nation Entertainment Insiders?

An insider hasn't bought Live Nation Entertainment stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Live Nation Entertainment. At Simply Wall St, we found 1 warning sign for Live Nation Entertainment that deserve your attention before buying any shares.

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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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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