We note that the SpareBank 1 Nord-Norge (OB:NONG) Compliance Manager, Nina Wihuri, recently sold kr81k worth of stock for kr68.00 per share. While that isn’t a lot of money, it was a substantial 100% of their holding, so certainly isn’t a good sign.
SpareBank 1 Nord-Norge Insider Transactions Over The Last Year
While there weren’t any large insider transactions in the last twelve months, it’s still worth looking at the trading.
Happily, we note that in the last year insiders paid kr181k for 3.45k shares. But insiders sold 1.20k shares worth kr81k. In total, SpareBank 1 Nord-Norge insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
SpareBank 1 Nord-Norge is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does SpareBank 1 Nord-Norge Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that SpareBank 1 Nord-Norge insiders own 0.8% of the company, worth about kr53m. However, it’s possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About SpareBank 1 Nord-Norge Insiders?
An insider hasn’t bought SpareBank 1 Nord-Norge stock in the last three months, but there was some selling. On the other hand, the insider transactions over the last year are encouraging. And insiders do own shares. So we’re not overly bothered by recent selling. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that SpareBank 1 Nord-Norge has 2 warning signs and it would be unwise to ignore these.
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, but not derivative transactions.
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This article by Simply Wall St is general in nature. 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.
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