Playtika Holding Chief Technology Officer Uri Rubin Sells 60% Of Holding

Some Playtika Holding Corp. (NASDAQ:PLTK) shareholders may be a little concerned to see that the Chief Technology Officer, Uri Rubin, recently sold a substantial US$554k worth of stock at a price of US$2.52 per share. That diminished their holding by a very significant 60%, which arguably implies a strong desire to reallocate capital.

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The Last 12 Months Of Insider Transactions At Playtika Holding

In fact, the recent sale by Uri Rubin was the biggest sale of Playtika Holding shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$2.49. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

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!

View our latest analysis for Playtika Holding

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Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Playtika Holding insiders own 27% of the company, worth about US$265m. 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 Do The Playtika Holding Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. 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. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Playtika Holding has 3 warning signs and it would be unwise to ignore them.

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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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