Douglas Rausch, independent director of PAR Technology, sells 33% of his stake

we would be surprised if so Par Technology Co., Ltd. (NYSE:PAR) shareholders are not aware that the Independent Director, Douglas Rausch, recently sold US$189,000 worth of shares at US$42.04 per share. The move, which raised eyebrows, reduced their holdings by 33%.

See our latest analysis on PAR Technology.

Insider transactions in PAR Technology over the past 12 months

Notably, Douglas Rausch's recent sale is the largest insider sale of PAR Technology stock we've seen in the last year. This means that insiders were selling shares around the current price of $41.42. Insider selling is usually not liked, but it is more concerning when the sale occurs at a lower price. Considering the sale took place at a price close to the current price, we'd be a little cautious, but not a huge concern.

Douglas Rausch sold 87,000 shares in the last 12 months at an average price of $41.00. The graph below shows insider transactions (by companies and individuals) over the last year. Click on the chart to see all individual trades, including stock price, individual, and date.

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Does PAR Technology boast high insider ownership?

Another way to test the alignment between a company's leaders and other shareholders is to look at the number of shares they own. We think it's a good sign if insiders own a significant number of shares in the company. PAR Technology insiders own approximately $17m worth of shares. This is equivalent to 1.2% of the company. This level of insider ownership is good, but far from particularly noticeable. That certainly suggests a reasonable degree of consistency.

So what do PAR Technology's insider transactions tell us?

Insiders haven't bought PAR Technology stock in the past three months, but there has been some selling. And last year, there were no purchases. This analysis makes us cautious, as insider ownership is not very high. No need to rush to buy. In addition to knowing about ongoing insider trading, it's useful to identify the risks facing PAR Technology. During our analysis, we found that PAR technology has the following characteristics: 3 warning signs It is unwise to ignore these.

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For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. The Company currently only accounts for open market transactions and private dispositions of direct profits, and does not account for derivative transactions or indirect profits.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.