NexTier Oilfield Solutions Inc. (NYSE: NEX) chief accounting and treasury officer Lamphung Ngo-Burns just sold 38% of his stake

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We would be surprised if NextTier Oilfield Solutions Inc. (NYSE: NEX) shareholders failed to notice that chief accounting and treasury officer Lamphung Ngo-Burns recently sold US $ 104,000 worth of shares at US $ 4.14 per share. This sale represented 38% of their participation, so that raises our eyebrows.

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NexTier Oilfield Solutions insider trading in the past year

In fact, the recent sale by Lamphung Ngo-Burns was the largest sale of NexTier Oilfield Solutions shares by an insider in the past twelve months, according to our records. This means that an insider was selling shares at a price slightly lower than the current price (US $ 4.61). We generally consider it negative if insiders sold, especially if they did so below the current price, as this implies that they considered a lower price to be reasonable. Please note, however, that sellers can have a variety of reasons for selling, so we are not sure what they think about the stock price. It should be noted that this sale only represented 38% of Lamphung Ngo-Burns’ stake.

You can see insider trading (by companies and individuals) over the past year illustrated in the graph below. By clicking on the graph below, you can see the precise detail of each insider trade!

NYSE Insider Trading Volume: NEX September 18, 2021

If you are like me then you not want to miss it free list of growing companies that insiders buy.

Insider ownership

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 NexTier Oilfield Solutions own approximately $ 33 million in shares. This equates to 2.9% of the business. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what do NexTier Oilfield Solutions insider trading indicate?

An insider recently sold stocks, but they haven’t bought any. Looking at the past twelve months, our data shows no insider buying. Insider ownership is not particularly high, so this analysis makes us cautious about the company. We are in no rush to buy! So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. Every business has risks, and we have spotted 3 warning signs for NexTier Oilfield Solutions you should know.

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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.

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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 documents. Simply Wall St has no position in the mentioned stocks.
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