Anyone interested in A10 Networks, Inc. (NYSE:ATEN) should probably be aware that the Board Chair, Dhrupad Trivedi, recently divested US$292k worth of shares in the company, at an average price of US$13.58 each. However, the silver lining is that the sale only reduced their total holding by 6.8%, so we're hesitant to read anything much into it, on its own.

The Last 12 Months Of Insider Transactions At A10 Networks

Notably, that recent sale by Board Chair Dhrupad Trivedi was not the only time they sold A10 Networks shares this year. They previously made an even bigger sale of -US$657k worth of shares at a price of US$13.87 per share. That means that an insider was selling shares at around the current price of US$13.15. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

A10 Networks insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like A10 Networks better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does A10 Networks Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that A10 Networks insiders own about US$8.0m worth of shares (which is 0.8% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The A10 Networks Insider Transactions Indicate?

Insiders sold A10 Networks shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But it is good to see that A10 Networks is growing earnings. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for A10 Networks you should be aware of.

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.