Yahoo Finance This Insider Has Just Sold Shares In LendingTree, Inc. (NASDAQ:TREE)
Anyone interested in LendingTree, Inc. (NASDAQ:TREE) should probably be aware that the Lead Independent Director, Steven Ozonian, recently divested US$354k worth of shares in the company, at an average price of US$363 each. That sale was 22% of their holding, so it does make us raise an eyebrow.
View our latest analysis for LendingTree
LendingTree Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Chief Financial Officer, J. Moriarty, for US$1.8m worth of shares, at about US$395 per share. So we know that an insider sold shares at around the present share price of US$362. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
In the last twelve months insiders netted US$7.2m for 19559 shares sold. LendingTree insiders didn't buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does LendingTree Boast High Insider Ownership?
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. A high insider ownership often makes company leadership more mindful of shareholder interests. LendingTree insiders own about US$666m worth of shares (which is 14% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The LendingTree Insider Transactions Indicate?
Insiders sold LendingTree shares recently, but they didn't buy any. And even if we look to the last year, we didn't see any purchases. 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. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course LendingTree 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, but not derivative transactions.
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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
