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Have Intellicheck Insiders Been Selling Stock?

Simply Wall St ·  Jun 19 20:06

Anyone interested in Intellicheck, Inc. (NASDAQ:IDN) should probably be aware that the CFO & COO, Jeffrey Ishmael, recently divested US$102k worth of shares in the company, at an average price of US$3.68 each. On the bright side, that sale was only 9.7% of their holding, so we doubt it's very meaningful, on its own.

The Last 12 Months Of Insider Transactions At Intellicheck

In fact, the recent sale by Jeffrey Ishmael was the biggest sale of Intellicheck shares made by an insider individual in the last twelve months, according to our records. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$3.13. So it may not tell us anything about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 36.42k shares worth US$69k. But insiders sold 29.96k shares worth US$107k. All up, insiders sold more shares in Intellicheck than they bought, over the last year. They sold for an average price of about US$3.57. Insider selling doesn't make us excited to buy. But the selling was at much higher prices than the current share price (US$3.13), so it probably doesn't tell us a lot about the value on offer today. 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!

insider-trading-volume
NasdaqGM:IDN Insider Trading Volume June 19th 2024

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Intellicheck insiders own 7.2% of the company, worth about US$4.5m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Intellicheck Insiders?

The insider sales have outweighed the insider buying, at Intellicheck, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we'd only buy after very careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Intellicheck. At Simply Wall St, we've found that Intellicheck has 3 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.

Of course Intellicheck 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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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