General Counsel Of Priority Technology Holdings Sold 29% Of Their Shares

We wouldn't blame Priority Technology Holdings, Inc. (NASDAQ:PRTH) shareholders if they were a little worried about the fact that Bradley Miller, the General Counsel recently netted about US$855k selling shares at an average price of US$8.55. That sale reduced their total holding by 29% which is hardly insignificant, but far from the worst we've seen.

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Priority Technology Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, John Priore, sold US$35m worth of shares at a price of US$7.44 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$7.80. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was 54% of John Priore's stake.

Insiders in Priority Technology Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Priority Technology Holdings

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Insider Ownership Of Priority Technology Holdings

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Priority Technology Holdings insiders own about US$412m worth of shares (which is 66% of the company). 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 Do The Priority Technology Holdings Insider Transactions Indicate?

Insiders sold Priority Technology Holdings shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. It is good to see high insider ownership, but the insider selling leaves us cautious. 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. Be aware that Priority Technology Holdings is showing 2 warning signs in our investment analysis, and 1 of those is a bit concerning...

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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.

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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.