We note that the ONE Gas, Inc. (NYSE:OGS) Lead Independent Director, Eduardo Rodriguez, recently sold US$61k worth of stock for US$76.58 per share. On the bright side, that's just a small sale and only reduced their holding by 7.4%.

See our latest analysis for ONE Gas

The Last 12 Months Of Insider Transactions At ONE Gas

Over the last year, we can see that the biggest insider sale was by the Independent Director, Michael Hutchinson, for US$65k worth of shares, at about US$86.12 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$72.25. So it may not shed much light on insider confidence at current levels.

Insiders in ONE Gas didn't buy any shares in 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 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. Insiders own 1.9% of ONE Gas shares, worth about US$74m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About ONE Gas Insiders?

An insider sold ONE Gas shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since ONE Gas is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd 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. At Simply Wall St, we've found that ONE Gas has 3 warning signs (1 is a bit concerning!) that deserve your attention before going any further with your analysis.

Of course ONE Gas may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.

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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.