We'd be surprised if indie Semiconductor, Inc. (NASDAQ:INDI) shareholders haven't noticed that the Chief Operating Officer, Michael Wittmann, recently sold US$174k worth of stock at US$4.10 per share. That sale was 30% of their holding, so it does make us raise an eyebrow.

The Last 12 Months Of Insider Transactions At indie Semiconductor

Notably, that recent sale by Chief Operating Officer Michael Wittmann was not the only time they sold indie Semiconductor shares this year. Earlier in the year, they fetched US$4.80 per share in a -US$190k sale. 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$4.01. So it is hard to draw any strong conclusion from it.

indie Semiconductor insiders didn't buy any shares 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 indie Semiconductor better if I see some big insider buys.

Does indie Semiconductor 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that indie Semiconductor insiders own 1.3% of the company, worth about US$13m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At indie Semiconductor Tell Us?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! 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. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of indie Semiconductor.

Of course indie Semiconductor 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.