Have Uber Technologies Insiders Been Selling Stock?

Some Uber Technologies, Inc. (NYSE:UBER) shareholders may be a little concerned to see that the Senior Vice President of Marketing & Public Affairs, Jill Hazelbaker, recently sold a substantial US$3.0m worth of stock at a price of US$86.03 per share. That's a big disposal, and it decreased their holding size by 24%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Uber Technologies

The Senior VP, Derek West, made the biggest insider sale in the last 12 months. That single transaction was for US$6.1m worth of shares at a price of US$68.57 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$92.46. 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. 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. It is worth noting that this sale was only 42% of Derek West's holding.

In the last year Uber Technologies insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Uber Technologies

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Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Uber Technologies insiders own 0.1% of the company, worth about US$285m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Uber Technologies Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. On the plus side, Uber Technologies makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Uber Technologies is showing 3 warning signs in our investment analysis, and 2 of those make us uncomfortable...

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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.