Independent Director D Eskenazi Sold A Bunch Of Shares In a.k.a. Brands Holding

Anyone interested in a.k.a. Brands Holding Corp. (NYSE:AKA) should probably be aware that the Independent Director, D Eskenazi, recently divested US$157k worth of shares in the company, at an average price of US$12.89 each. Equally important, that sale actually reduced their holding by a full 100% which hardly makes us feel bullish about the stock.

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a.k.a. Brands Holding Insider Transactions Over The Last Year

In fact, the recent sale by D Eskenazi was the biggest sale of a.k.a. Brands Holding shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$12.76. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

D Eskenazi ditched 14.95k shares over the year. The average price per share was US$12.61. 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!

See our latest analysis for a.k.a. Brands Holding

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 21% of a.k.a. Brands Holding shares, worth about US$28m. 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 Do The a.k.a. Brands Holding Insider Transactions Indicate?

An insider hasn't bought a.k.a. Brands Holding stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. 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. You'd be interested to know, that we found 3 warning signs for a.k.a. Brands Holding and we suggest you have a look.

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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 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.