Some Axos Financial, Inc. (NYSE:AX) shareholders may be a little concerned to see that the President, Gregory Garrabrants, recently sold a substantial US$4.3m worth of stock at a price of US$99.10 per share. However, that sale only accounted for 2.7% of their holding, so arguably it doesn't say much about their conviction.

The Last 12 Months Of Insider Transactions At Axos Financial

In fact, the recent sale by Gregory Garrabrants was the biggest sale of Axos Financial shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below the current price (US$101). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 2.7% of Gregory Garrabrants's holding.

In total, Axos Financial insiders sold more than they bought 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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Insider Ownership Of Axos Financial

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. Axos Financial insiders own about US$248m worth of shares (which is 4.3% 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 Does This Data Suggest About Axos Financial Insiders?

Insiders haven't bought Axos Financial stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Axos Financial 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. 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.

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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.

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.