Have SilverSun Technologies, Inc. (NASDAQ:SSNT) Insiders Been Selling Their Stock?

By
Simply Wall St
Published
June 12, 2020
NasdaqCM:SSNT

Investors may wish to note that an insider of SilverSun Technologies, Inc., Jeffrey Roth, recently netted US$58k from selling stock, receiving an average price of US$1.96. On the bright side, that's just a small sale and only reduced their holding by 5.1%.

View our latest analysis for SilverSun Technologies

SilverSun Technologies Insider Transactions Over The Last Year

In fact, the recent sale by Jeffrey Roth was the biggest sale of SilverSun Technologies shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$1.98. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Jeffrey Roth ditched 30000 shares over the year. The average price per share was US$1.96. You can see a visual depiction of insider transactions (by 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!

NasdaqCM:SSNT Recent Insider Trading June 12th 2020
NasdaqCM:SSNT Recent Insider Trading June 12th 2020

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does SilverSun Technologies Boast High 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. SilverSun Technologies insiders own about US$5.1m worth of shares (which is 57% 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.

What Might The Insider Transactions At SilverSun Technologies Tell Us?

An insider hasn't bought SilverSun Technologies stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. It is good to see high insider ownership, but the insider selling leaves us cautious. 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 help with this, we've discovered 4 warning signs (2 shouldn't be ignored!) that you ought to be aware of before buying any shares in SilverSun Technologies.

But note: SilverSun Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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. Thank you for reading.

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