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Antero Resources Insiders Sold US$4.7m Of Shares Suggesting Hesitancy

Simply Wall St · 04/09 18:16

The fact that multiple Antero Resources Corporation (NYSE:AR) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Antero Resources Insider Transactions Over The Last Year

The Senior VP of Finance & CFO, Michael Kennedy, made the biggest insider sale in the last 12 months. That single transaction was for US$1.7m worth of shares at a price of US$33.72 each. That means that an insider was selling shares at around the current price of US$32.24. 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 Antero Resources 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!

Check out our latest analysis for Antero Resources

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NYSE:AR Insider Trading Volume April 9th 2025

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Antero Resources Insiders Are Selling The Stock

The last quarter saw substantial insider selling of Antero Resources shares. Specifically, insiders ditched US$864k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.

Does Antero Resources Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Antero Resources insiders own about US$537m worth of shares (which is 5.1% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Antero Resources Tell Us?

Insiders haven't bought Antero Resources stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Antero Resources. For example - Antero Resources has 3 warning signs we think you should be aware of.

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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.