Nasdaq-Listed Companies

LeMaitre Vascular, Inc. (NASDAQ:LMAT) insiders may have foreseen weakness, sold US$24m worth of stock despite low prices

Even though LeMaitre Vascular, Inc. (NASDAQ:LMAT) has fallen by 4.8% over the past week , insiders who sold US$24m worth of stock over the past year have had less luck. Insiders might have been better off holding onto their shares, given that the average selling price of US$49.74 is still below the current share price.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

LeMaitre Vascular Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Chairman & CEO, George LeMaitre, sold US$7.5m worth of shares at a price of US$51.51 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$53.09. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 5.1% of George LeMaitre's stake.

Insiders in LeMaitre Vascular didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volumeNasdaqGM:LMAT Insider Trading Volume October 1st 2021

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of LeMaitre Vascular

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. LeMaitre Vascular insiders own 12% of the company, currently worth about US$138m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At LeMaitre Vascular Tell Us?

It doesn't really mean much that no insider has traded LeMaitre Vascular shares in the last quarter. While we feel good about high insider ownership of LeMaitre Vascular, we can't say the same about the selling of shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing LeMaitre Vascular. At Simply Wall St, we found 1 warning sign for LeMaitre Vascular that deserve your attention before buying any shares.

Of course LeMaitre Vascular may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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