Have Insiders Sold Bridgewater Bancshares Shares Recently?
Bridgewater Bancshares insiders, including co-founder Jeffrey Shellberg, recently sold shares worth approximately US$544k at an average price of US$16.03, reducing their holdings by 4.3%. This sale is the largest insider transaction in the past year, occurring near the current share price of US$15.75. Despite no insider purchases in the last year, insiders own 21% of the company, indicating some alignment with shareholder interests. While the company is profitable and growing, the lack of insider buying raises caution for potential investors.
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We wouldn't blame Bridgewater Bancshares, Inc. (NASDAQ:BWB) shareholders if they were a little worried about the fact that Jeffrey Shellberg, the Co-Founder recently netted about US$544k selling shares at an average price of US$16.03. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 4.3%.
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Bridgewater Bancshares Insider Transactions Over The Last Year
Notably, that recent sale by Jeffrey Shellberg is the biggest insider sale of Bridgewater Bancshares shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$15.75. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Insiders in Bridgewater Bancshares didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Insider Ownership Of Bridgewater Bancshares
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Bridgewater Bancshares insiders own 21% of the company, worth about US$89m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Bridgewater Bancshares Insiders?
Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But since Bridgewater Bancshares is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Bridgewater Bancshares.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.
