Have Insiders Sold SkyWater Technology Shares Recently?

We'd be surprised if SkyWater Technology, Inc. (NASDAQ:SKYT) shareholders haven't noticed that the Director, Loren Unterseher, recently sold US$182k worth of stock at US$8.22 per share. However, the silver lining is that the sale only reduced their total holding by 0.4%, so we're hesitant to read anything much into it, on its own.

See our latest analysis for SkyWater Technology

The Last 12 Months Of Insider Transactions At SkyWater Technology

In fact, the recent sale by Loren Unterseher was the biggest sale of SkyWater Technology shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$8.18. While we don't usually like to see insider selling, it's more concerning if the sales take place 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.

Insiders in SkyWater Technology didn't buy any shares in the last year. 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!

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company 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. It appears that SkyWater Technology insiders own 24% of the company, worth about US$95m. 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 SkyWater Technology Insider Transactions Indicate?

Insiders haven't bought SkyWater Technology 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. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SkyWater Technology. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of SkyWater Technology.

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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.