Some Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) shareholders may be a little concerned to see that the CEO & Director, Jude Bricker, recently sold a substantial US$578k worth of stock at a price of US$15.29 per share. That sale reduced their total holding by 31% which is hardly insignificant, but far from the worst we've seen.
Sun Country Airlines Holdings Insider Transactions Over The Last Year
Notably, that recent sale by Jude Bricker is the biggest insider sale of Sun Country Airlines Holdings shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$15.17. 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.
Sun Country Airlines Holdings insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Does Sun Country Airlines Holdings 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. 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 Sun Country Airlines Holdings insiders own 0.7% of the company, worth about US$5.8m. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Sun Country Airlines Holdings Insiders?
Insiders sold Sun Country Airlines Holdings shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we're not rushing to buy, to say the least. 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 example - Sun Country Airlines Holdings has 2 warning signs we think 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.
