Progyny Inc Insiders are Selling. Investors Should Take Notice
GuruFocus data shows that David Schlanger, CEO of Progyny Inc ( NA:PGNY), sold 76.905 shares on December 28, 2021.
Insiders selling shares can cause investors concern. This could indicate that insiders have become bearish about the shares of their company's stock. Investors should pay close attention to insiders' ability to determine the company's value. We will take a closer look at the insider sale to determine if Progyny Inc is worthy of some skeptical investors.
David Schlanger trades
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David Schlanger sold total 1,745,913 shares over the last year.
It means David Schlanger is selling the stock of their company over a long term. Contrary to what was expected, this could be a good sign for stock. Insiders selling frequently could indicate that their company has a large number of stock options for executives. Executives will sell some shares to raise cash. It is possible, however, that insiders became more bearish about the stock. Insider selling should not be taken lightly by investors.
Trends from the inside
One insider selling doesn't necessarily mean other insiders have a bearish view of the stock. Is the stock being sold by other insiders? Or have top company executives and owners bought more recently?
Progyny Inc's insider transactions history shows that there were 0 insider buys over the last year. In the meantime, there were 93 insider sales in that same period.
David Schlanger isn't the only insider who has sold shares in recent months; there are other insiders of companies that have been buying more than selling, which can be alarming for investors. We should remember that insiders can sell shares for many reasons. A high level of insider sales could indicate a negative sign or neutral, depending upon the motivation behind it.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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This article first appeared on GuruFocus.