Even if it’s not a huge purchase, we think it was good to see that Jesper Andresen, the Chief Executive Officer of Prosafe SE (OB:PRS) recently shelled out US$495k to buy stock, at US$9.60 per share. Even though that isn’t a massive buy, it did increase their holding by 158.9%, which is a arguably a good sign.
Check out our latest analysis for Prosafe
Prosafe Insider Transactions Over The Last Year
In fact, the recent purchase by Chief Executive Officer Jesper Andresen was not their only acquisition of Prosafe shares this year. Earlier in the year, they paid kr9.6 per share in a kr495k purchase. That means that an insider was happy to buy shares at around the current price of kr10.45. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Prosafe insider decided to buy shares at close to current prices. Jesper Andresen was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Prosafe
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. From what we can see in our data, insiders own only about kr786k worth of Prosafe shares. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We might be missing something but that seems like very low insider ownership.
What Might The Insider Transactions At Prosafe Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Prosafe insiders are expecting a bright future. Of course, the future is what matters most. So if you are interested in Prosafe, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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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If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.