Trade Alert: President Of EVgo Dennis Kish Has Sold Stock

Anyone interested in EVgo, Inc. (NASDAQ:EVGO) should probably be aware that the President, Dennis Kish, recently divested US$446k worth of shares in the company, at an average price of US$3.71 each. Equally important, that sale actually reduced their holding by a full 62% which hardly makes us feel bullish about the stock.

We've discovered 3 warning signs about EVgo. View them for free.

The Last 12 Months Of Insider Transactions At EVgo

In fact, the recent sale by Dennis Kish was the biggest sale of EVgo 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$3.69. 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.

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!

View our latest analysis for EVgo

I will like EVgo 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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. EVgo insiders own about US$25m worth of shares. That equates to 2.4% of the company. 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 EVgo Insider Transactions Indicate?

An insider hasn't bought EVgo stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing EVgo. You'd be interested to know, that we found 3 warning signs for EVgo and we suggest you have a look.

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.