Potential Proficient Auto Logistics, Inc. (NASDAQ:PAL) shareholders may wish to note that the Independent Director, Rohit Lal, recently bought US$273k worth of stock, paying US$5.45 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 228%.

The Last 12 Months Of Insider Transactions At Proficient Auto Logistics

In the last twelve months, the biggest single sale by an insider was when the insider, John Skiadas, sold US$415k worth of shares at a price of US$7.37 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. The good news is that this large sale was at well above current price of US$5.50. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 68.80k shares worth US$384k. But insiders sold 135.93k shares worth US$857k. All up, insiders sold more shares in Proficient Auto Logistics 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!

I will like Proficient Auto Logistics better if I see some big insider buys.

Does Proficient Auto Logistics 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. Proficient Auto Logistics insiders own about US$21m worth of shares. That equates to 14% 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.

What Might The Insider Transactions At Proficient Auto Logistics Tell Us?

Our data shows a little more insider selling than buying in the last three months. But the difference isn't enough to have us worried. Recent insider selling makes us a little nervous, in light of the broader picture of Proficient Auto Logistics insider transactions. But we do like the fact that insiders own a fair chunk of the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.

But note: Proficient Auto Logistics may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.