This Insider Has Just Sold Shares In Anterix

We'd be surprised if Anterix Inc. (NASDAQ:ATEX) shareholders haven't noticed that the Chief Legal Officer & Corporate Secretary, Gena Ashe, recently sold US$183k worth of stock at US$33.00 per share. That sale was 18% of their holding, so it does make us raise an eyebrow.

See our latest analysis for Anterix

The Last 12 Months Of Insider Transactions At Anterix

The Independent Director Jeffrey Altman made the biggest insider purchase in the last 12 months. That single transaction was for US$4.1m worth of shares at a price of US$33.99 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$33.23). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Jeffrey Altman.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Anterix Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Anterix insiders own 2.6% of the company, worth about US$16m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Anterix Tell Us?

An insider hasn't bought Anterix stock in the last three months, but there was some selling. But we take heart from prior transactions. And insiders do own shares. So we're not overly bothered by recent selling. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 2 warning signs for Anterix that deserve your attention before buying any shares.

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.

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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.