Insiders seem to have made the most of their holdings by selling US$1.1m worth of AirSculpt Technologies, Inc. (NASDAQ:AIRS) stock at an average sell price of US$6.94 during the past year. The company’s market cap plunged by US$160m after price dropped by 22% last week but insiders were able to limit their loss to an extent.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

AirSculpt Technologies Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Founder & Executive Chairman, Aaron Rollins, sold US$758k worth of shares at a price of US$7.53 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$9.00. 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. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 0.7% of Aaron Rollins's stake.

Happily, we note that in the last year insiders paid US$26k for 9.12k shares. On the other hand they divested 163.82k shares, for US$1.1m. Over the last year we saw more insider selling of AirSculpt Technologies shares, than buying. 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does AirSculpt Technologies 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. It's great to see that AirSculpt Technologies insiders own 26% of the company, worth about US$166m. 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 AirSculpt Technologies Insiders?

The fact that there have been no AirSculpt Technologies insider transactions recently certainly doesn't bother us. While we feel good about high insider ownership of AirSculpt Technologies, we can't say the same about the selling of shares. 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 - AirSculpt Technologies 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.