Chief Regulatory & Communications Officer Chris Guttman-McCabe Just Sold A Bunch Of Shares In Anterix Inc. (NASDAQ:ATEX)

We'd be surprised if Anterix Inc. (NASDAQ:ATEX) shareholders haven't noticed that the Chief Regulatory & Communications Officer, Chris Guttman-McCabe, recently sold US$334k worth of stock at US$44.26 per share. Equally important, that sale actually reduced their holding by a full 56% which hardly makes us feel bullish about the stock.

See our latest analysis for Anterix

The Last 12 Months Of Insider Transactions At Anterix

Over the last year, we can see that the biggest insider sale was by the Executive Chairman, Morgan O'Brien, for US$597k worth of shares, at about US$42.30 per share. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$43.03. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was 76% of Morgan O'Brien's holding.

Over the last year we saw more insider selling of Anterix shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 3.2% of Anterix shares, worth about US$24m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Anterix Tell Us?

Insiders sold Anterix shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 4 warning signs for Anterix you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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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.
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