President & Director Robert Bugbee Sold A Bunch Of Shares In Scorpio Tankers
Some Scorpio Tankers Inc. (NYSE:STNG) shareholders may be a little concerned to see that the President & Director, Robert Bugbee, recently sold a substantial US$22m worth of stock at a price of US$86.28 per share. That's a big disposal, and it decreased their holding size by 29%, which is notable but not too bad.
Scorpio Tankers Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Marianne Okland, sold US$18b worth of shares at a price of US$1,230,435 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$87.16. So it is hard to draw any strong conclusion from it.
Insiders in Scorpio Tankers 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 Scorpio Tankers
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Does Scorpio Tankers Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Scorpio Tankers insiders own 7.7% of the company, currently worth about US$307m based on the recent share price. 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 Scorpio Tankers Tell Us?
Insiders sold Scorpio Tankers shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Scorpio Tankers is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Scorpio Tankers has 4 warning signs (and 1 which is potentially serious) we think you should know about.
Of course Scorpio Tankers 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.
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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.