Some Antero Resources Corporation (NYSE:AR) shareholders may be a little concerned to see that the Chief Compliance Officer, Yvette Schultz, recently sold a substantial US$1.6m worth of stock at a price of US$39.27 per share. That sale reduced their total holding by 20% which is hardly insignificant, but far from the worst we've seen.

The Last 12 Months Of Insider Transactions At Antero Resources

Notably, that recent sale by Yvette Schultz is the biggest insider sale of Antero Resources shares that we've seen in the last year. 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$35.94. So it is hard to draw any strong conclusion from it.

All up, insiders sold more shares in Antero Resources than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Antero Resources better if I see some big insider buys.

Does Antero Resources Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Antero Resources insiders own 5.3% of the company, currently worth about US$586m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Antero Resources Insiders?

Insiders sold Antero Resources shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Antero Resources is growing earnings. 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 Antero Resources. In terms of investment risks, we've identified 1 warning sign with Antero Resources and understanding this should be part of your investment process.

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.