We wouldn't blame Evercore Inc. (NYSE:EVR) shareholders if they were a little worried about the fact that Timothy LaLonde, the Senior MD & CFO recently netted about US$895k selling shares at an average price of US$239. That sale reduced their total holding by 14% which is hardly insignificant, but far from the worst we've seen.

The Last 12 Months Of Insider Transactions At Evercore

The Senior MD, Jason Klurfeld, made the biggest insider sale in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$173 each. That means that an insider was selling shares at slightly below the current price (US$245). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 61% of Jason Klurfeld's stake.

Insiders in Evercore didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Evercore

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Evercore insiders own 5.9% of the company, currently worth about US$555m 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.

So What Does This Data Suggest About Evercore Insiders?

Insiders sold Evercore shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Evercore. In terms of investment risks, we've identified 1 warning sign with Evercore and understanding it should be part of your investment process.

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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.