We wouldn't blame OneSpaWorld Holdings Limited (NASDAQ:OSW) shareholders if they were a little worried about the fact that Andrew Heyer, the Independent Director recently netted about US$1.8m selling shares at an average price of US$18.64. That sale reduced their total holding by 10% which is hardly insignificant, but far from the worst we've seen.

OneSpaWorld Holdings Insider Transactions Over The Last Year

Notably, that recent sale by Andrew Heyer is the biggest insider sale of OneSpaWorld Holdings shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$19.31. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 10% of Andrew Heyer's holding.

OneSpaWorld Holdings insiders didn't buy any shares over 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!

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Does OneSpaWorld Holdings Boast High Insider Ownership?

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. OneSpaWorld Holdings insiders own about US$70m worth of shares. That equates to 3.6% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The OneSpaWorld Holdings Insider Transactions Indicate?

Insiders haven't bought OneSpaWorld Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that OneSpaWorld Holdings is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 2 warning signs with OneSpaWorld Holdings and understanding them 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.