Some Sirius XM Holdings Inc. (NASDAQ:SIRI) shareholders may be a little concerned to see that insider John Malone recently sold a substantial US$65m worth of stock at a price of US$32.51 per share. That sale reduced their total holding by 11% which is hardly insignificant, but far from the worst we've seen.
Sirius XM Holdings Insider Transactions Over The Last Year
In fact, the recent sale by John Malone was the biggest sale of Sirius XM Holdings shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$32.26. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
In the last year Sirius XM Holdings 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. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Sirius XM Holdings
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Insider Ownership Of Sirius XM Holdings
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. It's great to see that Sirius XM Holdings insiders own 7.9% of the company, worth about US$853m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Sirius XM Holdings Tell Us?
An insider hasn't bought Sirius XM Holdings stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 3 warning signs for Sirius XM Holdings that deserve your attention before buying any shares.
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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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