Some Nexstar Media Group, Inc. (NASDAQ:NXST) shareholders may be a little concerned to see that insider Blake Russell recently sold a substantial US$820k worth of stock at a price of US$156 per share. That's a big disposal, and it decreased their holding size by 19%, which is notable but not too bad.
Check out our latest analysis for Nexstar Media Group
Nexstar Media Group Insider Transactions Over The Last Year
In fact, the recent sale by insider Blake Russell was not their only sale of Nexstar Media Group shares this year. They previously made an even bigger sale of -US$1.1m worth of shares at a price of US$168 per share. That means that an insider was selling shares at around the current price of US$158. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Nexstar Media Group 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. By clicking on the graph below, you can see the precise details of each insider transaction!
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Does Nexstar Media Group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Nexstar Media Group insiders own 5.6% of the company, worth about US$300m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Nexstar Media Group Tell Us?
Insiders sold Nexstar Media Group shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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. For instance, we've identified 4 warning signs for Nexstar Media Group (1 is significant) you should be aware of.
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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.