Some MYR Group Inc. (NASDAQ:MYRG) shareholders may be a little concerned to see that the Independent Director, Shirin O'connor, recently sold a substantial US$1.4m worth of stock at a price of US$447 per share. That's a big disposal, and it decreased their holding size by 44%, which is notable but not too bad.

MYR Group Insider Transactions Over The Last Year

In fact, the recent sale by Shirin O'connor was the biggest sale of MYR Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$441. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in MYR Group didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of MYR Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. MYR Group insiders own 1.8% of the company, currently worth about US$126m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About MYR Group Insiders?

Insiders haven't bought MYR Group 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. But since MYR Group is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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.