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Many Apollo Global Management, Inc. (NYSE:APO) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, if numerous insiders are selling, shareholders should investigate more.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Apollo Global Management
In fact, the recent sale by insider Leon Black was not their only sale of Apollo Global Management shares this year. Earlier in the year, they fetched US$175 per share in a -US$173m sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$148). So it may not tell us anything about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 3.27k shares worth US$347k. But insiders sold 2.66m shares worth US$438m. All up, insiders sold more shares in Apollo Global Management than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Apollo Global Management
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insiders At Apollo Global Management Have Sold Stock Recently
Over the last three months, we've seen significant insider selling at Apollo Global Management. In total, insiders sold US$72m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Does Apollo Global Management Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Apollo Global Management insiders own about US$17b worth of shares (which is 21% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.