This Insider Has Just Sold Shares In IDACORP

We wouldn't blame IDACORP, Inc. (NYSE:IDA) shareholders if they were a little worried about the fact that Jeffrey Malmen, the Senior Vice President of Public Affairs recently netted about US$557k selling shares at an average price of US$111. That's a big disposal, and it decreased their holding size by 23%, which is notable but not too bad.

We've discovered 3 warning signs about IDACORP. View them for free.

IDACORP Insider Transactions Over The Last Year

In fact, the recent sale by Jeffrey Malmen was the biggest sale of IDACORP shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (US$116). 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. This single sale was just 23% of Jeffrey Malmen's stake.

Insiders in IDACORP didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for IDACORP

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of IDACORP

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. I reckon it's a good sign if insiders own a significant number of shares in the company. IDACORP insiders own about US$25m worth of shares. That equates to 0.4% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About IDACORP Insiders?

Insiders haven't bought IDACORP stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since IDACORP is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing IDACORP. When we did our research, we found 3 warning signs for IDACORP (1 can't be ignored!) that we believe deserve your full attention.

Of course IDACORP may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.