Trade Alert: The President of International Of EVO Payments, Inc. (NASDAQ:EVOP), Darren Wilson, Has Sold Some Shares Recently

Anyone interested in EVO Payments, Inc. (NASDAQ:EVOP) should probably be aware that the President of International, Darren Wilson, recently divested US$495k worth of shares in the company, at an average price of US$27.51 each. The eyebrow raising move amounted to a reduction of 25% in their holding.

View our latest analysis for EVO Payments

EVO Payments Insider Transactions Over The Last Year

Notably, that recent sale by Darren Wilson is the biggest insider sale of EVO Payments shares that we've seen in the last year. That means that an insider was selling shares at below the current price (US$27.99). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 25%of Darren Wilson's holding.

In the last twelve months insiders purchased 18.68k shares for US$352k. But insiders sold 37.65k shares worth US$984k. In total, EVO Payments insiders sold more than they bought 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that EVO Payments insiders own 0.6% of the company, worth about US$13m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The EVO Payments Insider Transactions Indicate?

An insider hasn't bought EVO Payments stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for EVO Payments.

Of course EVO Payments may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.

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