Insiders Sold Spruce Power Holding At US$4.45, Meanwhile Stock Sits Near US$1.78
Spruce Power Holding Corporation's (NYSE:SPRU) stock price has dropped 17% in the previous week, but insiders who sold US$245k in stock over the past year have had less luck. Insiders might have been better off holding onto their shares, given that the average selling price of US$4.45 is still below the current share price.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Spruce Power Holding
Over the last year, we can see that the biggest insider sale was by the Independent Director, Clara McBane, for US$202k worth of shares, at about US$5.06 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$1.78). So it is hard to draw any strong conclusion from it.
Insiders in Spruce Power Holding didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Spruce Power Holding
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Spruce Power Holding Insiders Are Selling The Stock
We have seen a bit of insider selling at Spruce Power Holding, over the last three months. insider Jonathan Norling divested only US$43k worth of shares in that time. It's not great to see insider selling, nor the lack of recent buyers. But the volume sold is so low that it really doesn't bother us.
Insider Ownership Of Spruce Power Holding
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Spruce Power Holding insiders own 4.4% of the company, worth about US$1.6m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.
So What Do The Spruce Power Holding Insider Transactions Indicate?
While there has not been any insider buying in the last three months, there has been selling. But the sales were small, so we're not concerned. We're a little cautious about the insider selling at Spruce Power Holding. And we're not picking up on high enough insider ownership to give us any comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Spruce Power Holding. Case in point: We've spotted 2 warning signs for Spruce Power Holding you should be aware of, and 1 of them is a bit concerning.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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.