Coupang General Counsel & Chief Administrative Officer Harold L. Rogers Sells 59% Of Holding

We wouldn't blame Coupang, Inc. (NYSE:CPNG) shareholders if they were a little worried about the fact that Harold L. Rogers, the General Counsel & Chief Administrative Officer recently netted about US$6.4m selling shares at an average price of US$23.50. Probably the most concerning element of the whole transaction is that the disposal amounted to 59% of their entire holding.

Check out our latest analysis for Coupang

The Last 12 Months Of Insider Transactions At Coupang

In fact, the recent sale by Harold L. Rogers was the biggest sale of Coupang 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$22.18. 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 Coupang didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Coupang Boast High Insider Ownership?

Many investors like to check how much of a company is owned by 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. Coupang insiders own about US$3.6b worth of shares (which is 9.0% of the company). 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 Coupang Insiders?

Insiders haven't bought Coupang stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Coupang. While conducting our analysis, we found that Coupang has 3 warning signs and it would be unwise to ignore these.

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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.