Have Safe Pro Group Insiders Been Selling Stock?
We wouldn't blame Safe Pro Group Inc. (NASDAQ:SPAI) shareholders if they were a little worried about the fact that Daniyel Erdberg, the Founder recently netted about US$4.0m selling shares at an average price of US$4.00. That's a big disposal, and it decreased their holding size by 21%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Safe Pro Group
Notably, that recent sale by Daniyel Erdberg is the biggest insider sale of Safe Pro Group shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (US$4.49). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent 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 21% of Daniyel Erdberg's holding.
The chart below shows insider transactions (by companies and individuals) over the last year. 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 Safe Pro Group
I will like Safe Pro 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 Of Safe Pro Group
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Safe Pro Group insiders own about US$25m worth of shares. That equates to 28% 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 Safe Pro Group Insiders?
An insider sold Safe Pro Group shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Safe Pro Group. At Simply Wall St, we've found that Safe Pro Group has 6 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.
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.