Spencer Rascoff Bought 9.6% More Shares In Match Group

Potential Match Group, Inc. (NASDAQ:MTCH) shareholders may wish to note that the CEO & Director, Spencer Rascoff, recently bought US$498k worth of stock, paying US$37.57 for each share. Although the purchase only increased their holding by 9.6%, it is still a solid purchase in our view.

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Match Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Gary Swidler, sold US$8.0m worth of shares at a price of US$33.40 per share. That means that an insider was selling shares at slightly below the current price (US$37.34). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was 99% of Gary Swidler's holding.

Over the last year, we can see that insiders have bought 146.70k shares worth US$4.6m. But they sold 260.93k shares for US$8.6m. In total, Match Group insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Match Group

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Insider Ownership Of Match Group

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.6% of Match Group shares, worth about US$55m. 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 Match Group Insiders?

Unfortunately, there has been more insider selling of Match Group stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! While it's good to be aware of 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. Every company has risks, and we've spotted 2 warning signs for Match Group you should know about.

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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 of direct interests only, but not derivative transactions or indirect interests.

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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.