JetBlue Airways Corporation (NASDAQ:JBLU) shareholders (or potential shareholders) will be happy to see that the Independent Director, Nik Mittal, recently bought a whopping US$614k worth of stock, at a price of US$6.14. That increased their holding by a full 608%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

Check out our latest analysis for JetBlue Airways

The Last 12 Months Of Insider Transactions At JetBlue Airways

In the last twelve months, the biggest single sale by an insider was when the insider, Vladimir Galkin, sold US$7.4m worth of shares at a price of US$7.25 per share. That means that an insider was selling shares at around the current price of US$6.67. 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. The only individual insider seller over the last year was Vladimir Galkin. Notably Vladimir Galkin was also the biggest buyer, having purchased US$5.1m worth of shares.

In the last twelve months insiders purchased 724.67k shares for US$5.1m. But insiders sold 1.02m shares worth US$7.4m. 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!

I will like JetBlue Airways better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does JetBlue Airways 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that JetBlue Airways insiders own 1.3% of the company, worth about US$29m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At JetBlue Airways Tell Us?

It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. We don't take much heart from transactions by JetBlue Airways insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. In short they are likely aligned with shareholders. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing JetBlue Airways. Be aware that JetBlue Airways is showing 2 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have 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 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.