We note that Perdoceo Education Corporation (NASDAQ:PRDO) Independent director Leslie Thornton recently sold $50,000 of shares at $12.38 per share. It might not have been a huge sale, but it reduced its holding size by 19%, which is hardly encouraging.
Check out our latest analysis for Perdoceo Education
Perdocio Education insider transactions over the past year
Over the past year, we’ve seen the largest insider sell was made by insider Jeffrey Ayers for $416,000 of shares, which is roughly $10.53 per share. This means that an insider sold the shares at a little less than the current price ($12.74). When an insider sells below the current price, it indicates that they thought the short price was reasonable. We therefore wonder what they think of the (high) recent valuation. However, please note that sellers can have many reasons for selling, so we’re not sure what they think of the share price. Significantly, this sale took Jeffrey Ayers’ 100% stake.
Last year, Perdoceo Education insiders did not buy any shares in the company. Below is a visual representation of insider transactions (both corporate and individual) over the past 12 months. If you want to know exactly who sold what, for how much and when, just click on the graphic below!
NasdaqGS: PRDO Insider Trading Volume Aug 20, 2022
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Does Perdoceo Education claim high insider involvement?
For a common shareholder, it’s worth checking how many shares are held by company insiders. Typically, the higher the insider ownership, the more likely it is that insiders will be encouraged to own the company for the long term. Perdoceo Education insiders own $13 million worth of shares. This corresponds to 1.5% of the company. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to indicate an alignment between insiders and other shareholders.
So what does this data say about Perdoceo Education Insiders?
An insider recently sold the stock, but they’re not buying. Looking back over the past 12 months, our data shows no insider buying. While insiders own the stock, they don’t own the stock and they sell. We take some precautions before you buy! While we’re curious to know what’s going on with insider ownership and transactions, we also consider the risks stocks face before making any investment decisions. Our analysis shows 2 red flags for Perdoceo Education (1 is related!) And we strongly recommend that you check them out before investing.
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Insiders within the meaning of this article are persons who report their transactions to the competent supervisory authority. We currently account for open market transactions and private settlements, but not derivatives transactions.
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This Simple Wall St. article is of a general nature. We only provide comments based on historical data and analyst forecasts using an unbiased methodology and our articles are not intended as financial advice. It does not recommend buying or selling stocks and does not take into account your goals or financial situation. Our goal is to provide you with long-term focused analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative content. Simple Wall St has no position in any of the stocks mentioned.
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