This Insider Just Sold Shares of Avid Technology, Inc. (NASDAQ:AVID)

we won’t blame Fanatic Tech (NASDAQ: AVID ) shareholders are a bit worried about the fact that chief revenue officer and senior vice president Tom J. Cordiner recently netted about $836,000 by selling shares at an average price of $27.90. It was a big disposition, and it reduced their holding size by 13%, which is notable, but not too bad.

Check out our latest analysis for Avid Technology

Avid Technology Insider Trades Over the Past Year

It’s worth noting that Tom J. Cordiner’s recent sale was the largest insider sale of Avid Technology stock we’ve seen in the last year. This means that insiders are selling shares at a discount to the current price ($28.10). If insiders have been selling, we generally see that as a negative, especially if they are selling at a price below the current price, because it means they think the lower price is justified. However, while insider trading can be frustrating at times, it is only a weak sign. We note that the largest single transaction represented only 13% of Tom J. Cordiner’s stake.

Avid Technology insiders didn’t buy any stock in the last year. You can see last year’s insider transactions (by company and individual) in the table below. If you click on the chart, you can see all individual trades including share price, individual and date!

insider trading volume
NasdaqGS: AVID Insider Trading Volume November 26, 2022

for those who like to find winning investment this free The list of growth companies recently bought by insiders may just be the ticket.

Does Avid Technology have high insider ownership?

Looking at the total number of insider holdings in a company can help you see if they are aligned with common stockholders. We generally like to see fairly high levels of insider ownership. Avid Technology insiders own about $95 million worth of stock. This equates to 7.8% of the company. We’ve certainly seen higher levels of insider ownership elsewhere, but these are enough to indicate alignment between insiders and other shareholders.

So what does this data tell Avid Technology Insiders?

An insider recently sold Avid Technology stock, but they didn’t buy any shares. Looking at the past 12 months, our data does not reveal any insider trading. On the plus side, Avid Technology is making money and growing. Insiders own shares, but we remain very cautious given the sales history. So we only buy after careful consideration. So while it’s helpful to know what insiders are doing when it comes to buying and selling, it’s also helpful to know what risks a particular company faces.Case in point: we found 3 Warning Signs of Avid Technology You should be aware that 1 of these could be serious.

certainly Avid Technology Might Not Be the Best Stock. so you might want to see this free A collection of premium businesses.

For the purposes of this article, an insider is an individual who reports their transactions to the relevant regulator. We currently consider open market transactions and private dispositions, but not derivatives transactions.

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This article by Simply Wall St is general in nature. We use only an unbiased methodology to provide reviews based on historical data and analyst forecasts, 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 into account your objectives or your financial situation. Our goal is to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any of the stocks mentioned.

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