We’d be surprised if Flutter Entertainment plc (LON:FLTR) shareholders haven’t noticed that the CFO & Executive Director, Jonathan Hill, recently sold UK£197k worth of stock at UK£114 per share. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn’t exactly instill confidence.
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Flutter Entertainment Insider Transactions Over The Last Year
The Senior Independent Director Andrew Higginson made the biggest insider purchase in the last 12 months. That single transaction was for UK£293k worth of shares at a price of UK£87.65 each. We do like to see buying, but this purchase was made at well below the current price of UK£118. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.
Over the last year, we can see that insiders have bought 6.80k shares worth UK£591k. But insiders sold 1.73k shares worth UK£197k. Overall, Flutter Entertainment insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership Of Flutter Entertainment
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Flutter Entertainment insiders own 0.06% of the company, worth about UK£13m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Flutter Entertainment Insiders?
An insider hasn’t bought Flutter Entertainment stock in the last three months, but there was some selling. But we take heart from prior transactions. And insiders do own shares. So the recent selling doesn’t worry us too much. While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Flutter Entertainment has 1 warning sign and it would be unwise to ignore it.
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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.
