Independent Director Ann Johnson Sold A Bunch Of Shares In N-able

We'd be surprised if N-able, Inc. (NYSE:NABL) shareholders haven't noticed that the Independent Director, Ann Johnson, recently sold US$266k worth of stock at US$7.70 per share. In particular, we note that the sale equated to a 71% reduction in their position size, which doesn't exactly instill confidence.

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The Last 12 Months Of Insider Transactions At N-able

In fact, the recent sale by Ann Johnson was the biggest sale of N-able 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$7.53. While we don't usually like to see insider selling, it's more concerning if the sales take place 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.

N-able 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!

See our latest analysis for N-able

I will like N-able better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does N-able Boast High 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. Insiders own 1.5% of N-able shares, worth about US$22m. 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 Does This Data Suggest About N-able Insiders?

Insiders haven't bought N-able stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing N-able. At Simply Wall St, we found 1 warning sign for N-able that deserve your attention before buying any shares.

But note: N-able 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 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.