Some Anterix Inc. (NASDAQ:ATEX) shareholders may be a little concerned to see that the CEO, President & Director, Scott Lang, recently sold a substantial US$3.2m worth of stock at a price of US$90.22 per share. That's a big disposal, and it decreased their holding size by 46%, which is notable but not too bad.

The Last 12 Months Of Insider Transactions At Anterix

Notably, that recent sale by Scott Lang is the biggest insider sale of Anterix shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$90.75. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

All up, insiders sold more shares in Anterix than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Anterix better if I see some big insider buys.

Insider Ownership Of Anterix

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Anterix insiders own 2.9% of the company, worth about US$52m. 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 Anterix Tell Us?

Insiders haven't bought Anterix stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. But since Anterix is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! 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. Be aware that Anterix is showing 4 warning signs in our investment analysis, and 2 of those don't sit too well with us...

Of course Anterix may not be the best stock to buy. So you may wish to see this free collection of high quality 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.