Some SharkNinja, Inc. (NYSE:SN) shareholders may be a little concerned to see that the CFO & EVP, Adam Quigley, recently sold a substantial US$782k worth of stock at a price of US$113 per share. That diminished their holding by a very significant 80%, which arguably implies a strong desire to reallocate capital.

SharkNinja Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Chief Commercial Officer, Neil Shah, for US$13m worth of shares, at about US$131 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place 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$107. So it may not shed much light on insider confidence at current levels.

In the last year SharkNinja insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Does SharkNinja Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. SharkNinja insiders own about US$6.0b worth of shares (which is 41% of the company). 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 Do The SharkNinja Insider Transactions Indicate?

Insiders haven't bought SharkNinja stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But since SharkNinja 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 while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing.

Of course SharkNinja 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.

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.