This Insider Just Sold Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH)

if Priority Technology Holdings (NASDAQ: PRTH ) shareholders didn’t notice that executive chairman Thomas Priore recently sold $111,000 worth of stock at $5.54 per share. On the bright side, the sale represents only 0.04% of their holding, so we doubt it makes sense on its own.

Check out our latest analysis for Priority Technology Holdings

Priority Technology Holdings Insider Transactions Over the Past 12 Months

Chief Strategy Officer Sean Kiewiet made the biggest insider trade in the past 12 months. That single transaction bought $1.2 million worth of stock at $4.84 per share. This means that even though the stock is below the current price of $5.98, an insider still wants to cash out some of the shares. As a general rule, we think it’s frustrating when insiders sell for less than current prices, as it shows they’re comfortable with a lower valuation. Note, however, that sellers may have multiple reasons for selling, so we cannot be sure what they think about the stock price. The sale represents only 14% of Sean Kiewiet’s stake.

Last year, we saw more insider selling than buying of Priority Technology Holdings stock. The average price sellers received was about $4.94. We don’t take confidence from insider trading below recent share prices. Of course, sales could be for any number of reasons, so we shouldn’t jump to conclusions. Below you can see a visual depiction of insider transactions (companies and individuals) over the past 12 months. If you want to know exactly who sold, how much and when, just click the image below!

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Does Priority Technology Holdings Have High Insider Ownership?

For common stockholders, it’s worth looking up how many shares are owned by company insiders. We generally like to see fairly high levels of insider ownership. It’s good to see that Priority Technology Holdings insiders own 78% of the company, worth about $353 million. I like to see this level of insider ownership because it increases the chances that management has the best interests of shareholders in mind.

So what do these numbers tell Priority Technology Holdings insiders?

The hard truth for Priority Technology Holdings is that there have been more insider trades than insider trades over the past three months. Our long-term analysis of insider trading also does not inspire confidence. The company has high insider ownership, but we’re a little hesitant given the history of stock sales. So while it’s helpful to know what insiders are doing when it comes to buying and selling, it’s also helpful to know what risks a particular company faces.Note that Priority Technology Holdings is presenting 3 warning signs in our investment analysis1 of which cannot be ignored…

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For the purposes of this article, an insider is an individual who reports their transactions to the relevant regulator. We currently consider open market transactions and private dispositions, but not derivatives transactions.

What are the risks and opportunities Priority Technology Holdings?

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This article by Simply Wall St is general in nature. We use only an unbiased methodology to provide reviews based on historical data and analyst forecasts, 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 into account your objectives or your financial situation. Our goal is to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any of the stocks mentioned.