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The fact that multiple Delta Air Lines, Inc. (NYSE:DAL) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Delta Air Lines
The Last 12 Months Of Insider Transactions At Delta Air Lines
In the last twelve months, the biggest single sale by an insider was when the President, Glen Hauenstein, sold US$4.9m worth of shares at a price of US$49.05 per share. That means that even when the share price was below the current price of US$68.57, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 31% of Glen Hauenstein's stake.
Over the last year we saw more insider selling of Delta Air Lines shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. 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).
Insiders At Delta Air Lines Have Sold Stock Recently
The last quarter saw substantial insider selling of Delta Air Lines shares. In total, insiders dumped US$5.8m worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
Insider Ownership Of Delta Air Lines
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Delta Air Lines insiders own 0.3% of the company, worth about US$142m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.