Independent Lead Director Brian James Long Sold A Bunch Of Shares In Navitas Semiconductor

We'd be surprised if Navitas Semiconductor Corporation (NASDAQ:NVTS) shareholders haven't noticed that the Independent Lead Director, Brian James Long, recently sold US$111k worth of stock at US$2.36 per share. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn't exactly instill confidence.

The Last 12 Months Of Insider Transactions At Navitas Semiconductor

Over the last year, we can see that the biggest insider sale was by the Co-Founder, Daniel Kinzer, for US$465k worth of shares, at about US$3.10 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$2.33. So it may not shed much light on insider confidence at current levels.

Navitas Semiconductor insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Navitas Semiconductor

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Navitas Semiconductor insiders own about US$85m worth of shares. That equates to 19% 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 Navitas Semiconductor Insider Transactions Indicate?

An insider sold Navitas Semiconductor shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for Navitas Semiconductor you should know about.

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.