This Insider Has Just Sold Shares In Uber Technologies

Some Uber Technologies, Inc. (NYSE:UBER) shareholders may be a little concerned to see that the Senior VP & Chief People Officer, Nikki Krishnamurthy, recently sold a substantial US$1.1m worth of stock at a price of US$91.74 per share. However, that sale only accounted for 2.7% of their holding, so arguably it doesn't say much about their conviction.

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Uber Technologies Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Senior VP, Derek West, for US$3.3m worth of shares, at about US$70.92 per share. That means that even when the share price was below the current price of US$94.23, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower 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 34% of Derek West's holding.

In the last year Uber Technologies insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Uber Technologies

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Does Uber Technologies Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Uber Technologies insiders own 0.2% of the company, worth about US$314m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Uber Technologies Tell Us?

An insider 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. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with Uber Technologies (including 1 which shouldn't be ignored).

But note: Uber 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 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.