Selling Skye Bioscience Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders

Even though Skye Bioscience, Inc. (NASDAQ:SKYE) has fallen by 16% over the past week , insiders who sold US$1.2m worth of stock over the past year have had less luck. Insiders might have been better off holding onto their shares, given that the average selling price of US$4.99 is still below the current share price. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The Last 12 Months Of Insider Transactions At Skye Bioscience In the last twelve months, the biggest single sale by an insider was when the Independent Chairman of the Board, Paul Grayson, sold US$432k worth of shares at a price of US$5.55 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$2.05. So it is hard to draw any strong conclusion from it. Skye Bioscience insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Skye Bioscience NasdaqGM:SKYE Insider Trading Volume June 14th 2025 For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket. Insider Ownership Of Skye Bioscience For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Skye Bioscience insiders have about 1.6% of the stock, worth approximately US$1.1m. We consider this fairly low insider ownership. What Might The Insider Transactions At Skye Bioscience Tell Us? It doesn't really mean much that no insider has traded Skye Bioscience shares in the last quarter. Our analysis of Skye Bioscience insider transactions leaves us unenthusiastic. And we're not picking up on high enough insider ownership to give us any comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Skye Bioscience. Every company has risks, and we've spotted 5 warning signs for Skye Bioscience (of which 3 are concerning!) you should know about. 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.