Don't Ignore The Fact That This Insider Just Sold Some Shares In PetMed Express, Inc. (NASDAQ:PETS)

We'd be surprised if PetMed Express, Inc. (NASDAQ:PETS) shareholders haven't noticed that the CFO & Treasurer, Bruce Rosenbloom, recently sold US$250k worth of stock at US$50.00 per share. The eyebrow raising move amounted to a reduction of 12% in their holding.

Check out our latest analysis for PetMed Express

The Last 12 Months Of Insider Transactions At PetMed Express

The Independent Chairman, Robert Schweitzer, made the biggest insider sale in the last 12 months. That single transaction was for US$272k worth of shares at a price of US$36.28 each. That means that even when the share price was below the current price of US$38.14, an insider wanted to cash in some shares. 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 7.3% of Robert Schweitzer's holding.

In the last year PetMed Express insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does PetMed Express Boast High 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. It appears that PetMed Express insiders own 3.8% of the company, worth about US$40m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At PetMed Express Tell Us?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that PetMed Express is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! 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. At Simply Wall St, we found 1 warning sign for PetMed Express that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

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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. 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.
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