Have any insiders sold shares of Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) recently?
We would be surprised if Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) Shareholders haven’t noticed that Independent Lead Director Mark Justh recently sold US $ 358,000 of shares at US $ 6.90 per share. The upward movement of the eyebrows resulted in a 19% reduction in their holding.
Check out our latest analysis for Odyssey Marine Exploration
Odyssey Marine Exploration insider trading in the past year
Notably, this recent sale by Mark Justh is the biggest insider sale of Odyssey Marine Exploration shares we’ve seen in the past year. This means that an insider was selling shares around the current price of US $ 6.90. While we generally don’t like to see insider sales, it is more of a concern if the sales come at a lower price. We note that this sale took place at roughly the current price, so this is not a major concern, although it is not a good sign.
During the past twelve months, insiders have bought 11.25,000 shares for US $ 67,000. But they sold 51.87,000 shares for US $ 358,000. The chart below shows insider trading (by companies and individuals) over the past year. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!
I’d like Odyssey Marine Exploration better if I see big insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.
Insider property of Odyssey Marine Exploration
For an ordinary shareholder, it is worth checking out how many shares are owned by company insiders. Strong insider ownership often makes company management more concerned with the interests of shareholders. Insiders of Odyssey Marine Exploration own approximately $ 11 million in shares. This equates to 12% of the business. This level of insider ownership is good but just short of being particularly noteworthy. It certainly suggests a reasonable degree of alignment.
So what does this data suggest about Odyssey Marine Exploration insiders?
The hard truth for Odyssey Marine Exploration is that there have been more insider sales than insider buys in the past three months. Despite some insider buying, the longer-term picture doesn’t make us much more positive. Insider ownership is not particularly high, so this analysis makes us cautious about the company. We practice some caution before buying! So these insider trading can help us build a thesis on the stock, but it’s also worth knowing the risks this company faces. To help you, we have discovered 7 warning signs (4 are a bit nasty!) That you should know before buying Odyssey Marine Exploration shares.
Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in any of the stocks mentioned.
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