We note that the KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Senior VP & Chief Accounting Officer, Geoffrey Stanford, recently sold US$54k worth of stock for US$6.93 per share. It wasn't a huge sale, but it did reduce their holding by 22%. This does not instill confidence.

The Last 12 Months Of Insider Transactions At KLX Energy Services Holdings

Notably, that recent sale by Senior VP & Chief Accounting Officer Geoffrey Stanford was not the only time they sold KLX Energy Services Holdings shares this year. Earlier in the year, they fetched US$10.90 per share in a -US$81k sale. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$7.45). So it may not shed much light on insider confidence at current levels.

Geoffrey Stanford sold a total of 15.22k shares over the year at an average price of US$8.87. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does KLX Energy Services Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that KLX Energy Services Holdings insiders own 4.6% of the company, worth about US$5.8m. We do generally prefer see higher levels of insider ownership.

So What Do The KLX Energy Services Holdings Insider Transactions Indicate?

An insider hasn't bought KLX Energy Services Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. When you combine this with the relatively low insider ownership, we are very cautious about the stock. So we'd only buy after very careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing KLX Energy Services Holdings. At Simply Wall St, we've found that KLX Energy Services Holdings has 4 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.

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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.