Have Insiders Sold LifeStance Health Group Shares Recently?
We wouldn't blame LifeStance Health Group, Inc. (NASDAQ:LFST) shareholders if they were a little worried about the fact that Robert Bessler, the Independent Director recently netted about US$645k selling shares at an average price of US$7.01. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 3.1%.
The Last 12 Months Of Insider Transactions At LifeStance Health Group
In fact, the recent sale by Robert Bessler was the biggest sale of LifeStance Health Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$6.94. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year we saw more insider selling of LifeStance Health Group shares, than buying. 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 LifeStance Health Group
I will like LifeStance Health Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
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. A high insider ownership often makes company leadership more mindful of shareholder interests. LifeStance Health Group insiders own 7.8% of the company, currently worth about US$210m based on the recent share price. 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 LifeStance Health Group Tell Us?
Insiders sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. 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. 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. For example - LifeStance Health Group has 1 warning sign we think you should be aware of.
But note: LifeStance Health Group 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.