P10 Insiders Sold US$912k Of Shares Suggesting Hesitancy

P10, INC. -1.56% Pre

P10, INC.

PX

7.57

7.57

-1.56%

0.00% Pre

A number of P10, Inc. (NYSE:PX) insiders sold their shares in the last year, which may have raised concerns among investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for P10

The Last 12 Months Of Insider Transactions At P10

In the last twelve months, the biggest single sale by an insider was when the insider, Andrew Nelson, sold US$252k worth of shares at a price of US$12.66 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$10.42. So it may not tell us anything about how insiders feel about the current share price.

Over the last year we saw more insider selling of P10 shares, than buying. 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!

insider-trading-volume
NYSE:PX Insider Trading Volume December 29th 2023

I will like P10 better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insiders At P10 Have Sold Stock Recently

Over the last three months, we've seen notably more insider selling, than insider buying, at P10. We note insiders cashed in US$461k worth of shares. Meanwhile Independent Director David McCoy bought US$136k worth , as we said above . The share price has moved a bit recently, but it's hard to argue that the selling is a positive.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. P10 insiders own 30% of the company, currently worth about US$353m 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.

What Might The Insider Transactions At P10 Tell Us?

Unfortunately, there has been more insider selling of P10 stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing P10. Our analysis shows 2 warning signs for P10 (1 is potentially serious!) and we strongly recommend you look at these before investing.

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.

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