Some shareholders of Gray Television, Inc. (NYSE:GTN) might have been concerned upon learning that the Executive VP, Kevin Latek, recently sold a significant amount of stock worth US$678k at a price of US$4.37 per share. This substantial disposal led to a 23% decrease in their holding size, which is notable yet not overly concerning.

Insider Transactions Overview

In fact, Kevin Latek's recent sale was the largest by an insider individual within the last twelve months. It's clear that an insider chose to sell at around the current price of US$4.16. While insider selling is generally not preferred, it becomes more concerning when the sales occur at a lower price. In this case, since the sale took place around the current price, it isn't a major cause for alarm, but it's not a positive sign either.You can visualize insider transactions (by companies and individuals) over the past 12 months below. By clicking on the graph, you can obtain precise details such as who sold, the amount, and the time.NYSE:GTN Insider Trading Volume December 6th 2024For those seeking hidden gems, this free list of small cap companies with recent insider purchasing could be of great interest.Insider Ownership of Gray TelevisionFor common shareholders, it's crucial to assess the number of shares held by company insiders. If insiders own a substantial portion of the company's shares, it typically indicates a positive sign. Currently, insiders own 14% of Gray Television shares, valued at approximately US$59m. This level of insider ownership is good but not exceptionally outstanding, suggesting a reasonable degree of alignment.So What Does This Data Suggest About Gray Television Insiders?An insider recently sold Gray Television shares but did not make any purchases. Looking at the longer term picture, it doesn't provide much comfort. However, as Gray Television is profitable and growing, we aren't overly worried. The relatively low insider ownership also makes us cautious about the company. We are in no hurry to make a purchase.These insider transactions can assist in formulating a thesis about the stock, but it's also essential to be aware of the risks facing the company. At Simply Wall St, we have identified 4 warning signs (2 of which shouldn't be ignored!) that demand your attention before proceeding with your analysis.If you prefer to explore another company with potentially superior financials, don't miss this free list of interesting companies that have a high return on equity and low debt.For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently consider open market transactions and private dispositions of direct interests only and do not include derivative transactions or indirect interests.New: Manage All Your Stock Portfolios in One PlaceWe have created an ultimate portfolio companion for stock investors, and it's completely free.• Connect an unlimited number of Portfolios and view your total in one currency.• Be alerted to new Warning Signs or Risks via email or mobile.• Track the Fair Value of your stocks.Try a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team(at)simplywallst.com.This article by Simply Wall St is of a general nature. We provide commentary based on historical data and analyst forecasts 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 into account your objectives or financial situation. We aim to offer you long-term focused analysis driven by fundamental data. Note that our analysis may not incorporate the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.