Aptera Motors Corp.'s (NASDAQ:SEV) stock rose 15% last week, but insiders who sold US$305k worth of stock over the last year are probably in a more advantageous position. Selling at an average price of US$2.81, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.

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.

The Last 12 Months Of Insider Transactions At Aptera Motors

In the last twelve months, the biggest single sale by an insider was when the Co-Founder, Michael Johnson, sold US$150k worth of shares at a price of US$3.09 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$2.45). So it is hard to draw any strong conclusion from it. Michael Johnson was the only individual insider to sell shares in the last twelve months.

Michael Johnson divested 108.50k shares over the last 12 months at an average price of US$2.81. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Aptera Motors better if I see some big insider buys.

Insiders At Aptera Motors Have Sold Stock Recently

The last quarter saw substantial insider selling of Aptera Motors shares. In total, Co-Founder Michael Johnson dumped US$150k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Aptera Motors insiders own 46% of the company, currently worth about US$38m 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 Aptera Motors Insiders?

An insider hasn't bought Aptera Motors stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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: Aptera Motors 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.