Whilst it may not be a huge deal, we thought it was good to see that the Skanska AB (publ) (STO:SKA B) Executive Vice President, Claes Larsson, recently bought kr523k worth of stock, for kr176 per share. That might not be a big purchase but it only increased their holding by 1.7%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Skanska
In fact, the recent purchase by Executive Vice President Claes Larsson was not their only acquisition of Skanska shares this year. Earlier in the year, they paid kr166 per share in a kr800k purchase. That means that an insider was happy to buy shares at around the current price of kr172. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today’s share price, as the discount to value may have narrowed with the rising price. Happily, the Skanska insiders decided to buy shares at close to current prices.
In the last twelve months insiders paid kr10m for 62094 shares purchased. Skanska insiders may have bought shares in the last year, but they didn’t sell any. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Does Skanska Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.6% of Skanska shares, worth about kr455m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Skanska Insiders?
It’s certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Skanska. Nice! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Skanska.
Of course Skanska may not be the best stock to buy. So you may wish to see this free collection of high quality 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 email@example.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.