Intellicheck Independent Director Gregory Braca Sells 99% Of Holding

We'd be surprised if Intellicheck, Inc. (NASDAQ:IDN) shareholders haven't noticed that the Independent Director, Gregory Braca, recently sold US$221k worth of stock at US$3.95 per share. Equally important, that sale actually reduced their holding by a full 99% which hardly makes us feel bullish about the stock.

Our free stock report includes 4 warning signs investors should be aware of before investing in Intellicheck. Read for free now.

Intellicheck Insider Transactions Over The Last Year

Notably, that recent sale by Gregory Braca is the biggest insider sale of Intellicheck shares that we've seen in the last year. That means that even when the share price was below the current price of US$4.59, an insider wanted to cash in some shares. 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 99% of Gregory Braca's holding.

Over the last year, we can see that insiders have bought 33.90k shares worth US$74k. On the other hand they divested 125.93k shares, for US$419k. All up, insiders sold more shares in Intellicheck than they bought, over 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!

See our latest analysis for Intellicheck

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

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. We usually like to see fairly high levels of insider ownership. Based on our data, Intellicheck insiders have about 4.9% of the stock, worth approximately US$4.5m. We consider this fairly low insider ownership.

What Might The Insider Transactions At Intellicheck Tell Us?

Unfortunately, there has been more insider selling of Intellicheck stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. When you combine this with the relatively low insider ownership, we are very cautious about the stock. So we'd only buy after very 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. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Intellicheck.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.