Some Casey's General Stores, Inc. (NASDAQ:CASY) shareholders may be a little concerned to see that the Chief Human Resources Officer, Chad Frazell, recently sold a substantial US$2.4m worth of stock at a price of US$787 per share. That sale reduced their total holding by 23% which is hardly insignificant, but far from the worst we've seen.

Casey's General Stores Insider Transactions Over The Last Year

Notably, that recent sale by Chad Frazell is the biggest insider sale of Casey's General Stores shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$784. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last twelve months insiders purchased 856.00 shares for US$565k. But they sold 8.70k shares for US$6.0m. All up, insiders sold more shares in Casey's General Stores than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Casey's General Stores

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Casey's General Stores insiders own 0.7% of the company, currently worth about US$201m 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.

What Might The Insider Transactions At Casey's General Stores Tell Us?

The insider sales have outweighed the insider buying, at Casey's General Stores, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Casey's General Stores makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. For example - Casey's General Stores has 2 warning signs we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.