We wouldn't blame Casey's General Stores, Inc. (NASDAQ:CASY) shareholders if they were a little worried about the fact that Darren Rebelez, the President recently netted about US$10m selling shares at an average price of US$508. That's a big disposal, and it decreased their holding size by 18%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Casey's General Stores
Notably, that recent sale by Darren Rebelez is the biggest insider sale of Casey's General Stores shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$506. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In total, Casey's General Stores insiders sold more than they bought over 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!
Check out our latest analysis for Casey's General Stores
I will like Casey's General Stores better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Does Casey's General Stores Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Casey's General Stores insiders own 0.5% of the company, worth about US$87m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Casey's General Stores Insider Transactions Indicate?
Insiders haven't bought Casey's General Stores stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Casey's General Stores is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Casey's General Stores. In terms of investment risks, we've identified 2 warning signs with Casey's General Stores and understanding them should be part of your investment process.
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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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.