Some Spok Holdings, Inc. (NASDAQ:SPOK) shareholders may be a little concerned to see that the President, Vincent Kelly, recently sold a substantial US$844k worth of stock at a price of US$16.88 per share. That's a big disposal, and it decreased their holding size by 25%, which is notable but not too bad.

Spok Holdings Insider Transactions Over The Last Year

Notably, that recent sale by President Vincent Kelly was not the only time they sold Spok Holdings shares this year. Earlier in the year, they fetched US$16.91 per share in a -US$1.2m sale. That means that an insider was selling shares at around the current price of US$16.54. 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.

Insiders in Spok Holdings didn't buy any shares in 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!

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Insider Ownership

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 1.9% of Spok Holdings shares, worth about US$6.5m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Do The Spok Holdings Insider Transactions Indicate?

Insiders haven't bought Spok Holdings stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. When you combine this with the relatively low insider ownership, we are very cautious about the stock. We'd certainly practice some caution before buying! 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. For instance, we've identified 3 warning signs for Spok Holdings (1 can't be ignored) you should be aware of.

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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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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.