Have Insiders Sold AirJoule Technologies Shares Recently?
Anyone interested in AirJoule Technologies Corporation (NASDAQ:AIRJ) should probably be aware that the CEO & Director, Matthew Jore, recently divested US$153k worth of shares in the company, at an average price of US$3.06 each. However, the silver lining is that the sale only reduced their total holding by 0.6%, so we're hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At AirJoule Technologies
In the last twelve months, the biggest single purchase by an insider was when Independent Lead Director Stuart Porter bought US$1m worth of shares at a price of US$2.95 per share. So it's clear an insider wanted to buy, at around the current price, which is US$3.08. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the AirJoule Technologies insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 625.73k shares worth US$1.9m. But insiders sold 57.31k shares worth US$187k. Overall, AirJoule Technologies insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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 AirJoule Technologies
AirJoule Technologies is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of AirJoule Technologies
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 23% of AirJoule Technologies shares, worth about US$52m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About AirJoule Technologies Insiders?
An insider hasn't bought AirJoule Technologies stock in the last three months, but there was some selling. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So we're happy enough to look past some selling. 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. At Simply Wall St, we've found that AirJoule Technologies has 3 warning signs (1 shouldn't be ignored!) that deserve your attention before going any further with your analysis.
Of course AirJoule Technologies 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.
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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.