Yahoo Finance One American Tower Corporation (NYSE:AMT) insider reduced their stake by 14% in the previous year
Viewing insider transactions for American Tower Corporation's (NYSE:AMT ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for American Tower
American Tower Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Senior VP & Chief Accounting Officer, Robert Meyer, for US$660k worth of shares, at about US$236 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$188. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Robert Meyer.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like American Tower better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
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. American Tower insiders own 0.3% of the company, currently worth about US$268m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The American Tower Insider Transactions Indicate?
It doesn't really mean much that no insider has traded American Tower shares in the last quarter. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of American Tower insider transactions don't fill us with confidence. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing American Tower. Case in point: We've spotted 2 warning signs for American Tower you should be aware of, and 1 of them can't be ignored.
But note: American Tower may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
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