Sunnova Energy International Inc.'s (NYSE:NOVA) value has fallen 34% in the last week, but insiders who sold US$1.5m worth of stock over the last year have had less success. Insiders might have been better off holding onto their shares, given that the average selling price of US$13.93 is still below the current share price.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Sunnova Energy International Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Executive VP & Chief Revenue Officer, Michael Grasso, for US$268k worth of shares, at about US$14.00 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$7.44. So it may not shed much light on insider confidence at current levels.
Over the last year, we can see that insiders have bought 11.00k shares worth US$158k. But insiders sold 105.76k shares worth US$1.5m. All up, insiders sold more shares in Sunnova Energy International than they bought, 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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. Our data indicates that Sunnova Energy International insiders own about US$8.9m worth of shares (which is 1.0% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Sunnova Energy International Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Sunnova Energy International shares in the last quarter. The insider transactions at Sunnova Energy International are not inspiring us to buy. And we're not picking up on high enough insider ownership to give us any comfort. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Sunnova Energy International is showing 4 warning signs in our investment analysis, and 2 of those can't be ignored...
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. 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.
Sunnova Energy International Inc.(NYSE:NOVA)の価値は先週34%下落しましたが、昨年150万ドル相当の株式を売却したインサイダーたちは成功していませんでした。インサイダーたちは自分たちの株式を保有し続けた方が良かったかもしれません。販売金額の平均値は13.93ドルで、現在の株価よりも低いためです。
過去1年間で、インサイダーが合計11,000株(約158,000ドル相当)購入し、105,760株(約1,500,000ドル相当)を売却したことがわかります。インサイダーは過去1年間にSunnova Energy Internationalの株式を購入するよりも売却する方が多かったです。以下は過去12か月間の企業および個人によるインサイダートランザクションの視覚的描写です。チャートをクリックすると、株価、個人、日付を含むすべての個別の取引が表示されます。
私のような人は、インサイダーが買っている増加企業の無料リストを見逃さないでください。
インサイダー所有権
役員が会社に所有する株式数を見ることで、彼らがインサイダーとどの程度合意しているかを判断するようにしています。通常、インサイダー所有率が高いほど、インサイダーが長期的に会社を構築する動機が高まる可能性があります。私たちのデータによると、Sunnova Energy Internationalのインサイダーは約890万ドル相当の株式(企業の1.0%)を所有しています。この保有率はあまり印象的ではありませんが、何もないよりはましです。
過去3か月間、誰もSunnova Energy Internationalの株式を取引していないことはあまり意味がありません。インサイダートランザクションは、Sunnova Energy Internationalの株を購入するように私たちを誘発していません。持ち株率が高すぎるほど私たちに安心感を与える要素はありません。インサイダーの株式所有や取引に関する情報を知ることは好ましいことですが、投資判断を行う前に株価に直接影響する最新の企業発表や定性的な材料なども考慮するようにしています。Sunnova Energy Internationalは、弊社の投資分析において4つの警告サインを示していますが、そのうち2つは無視できません。
Sunnova Energy Internationalのインサイダートランザクションにはあまり意味がないことを示すものではありません。インサイダーの持ち株率が高すぎる訳ではないため、Sunnova Energy Internationalのインサイダートランザクションは、私たちが株式を購入することを促すものではありません。私たちは、投資判断を行う前に株式に直面するリスクも考慮するようにしています。