SP Group Executive VP & Member of Executive Board Acquires 1.5% More Stock

Investors who take an interest in SP Group A/S (CPH:SPG) should definitely note that the Executive VP & Member of Executive Board, Soren Ulstrup, recently paid kr.285 per share to buy kr.854k worth of the stock. Although the purchase only increased their holding by 1.5%, it is still a solid purchase in our view.

See our latest analysis for SP Group

The Last 12 Months Of Insider Transactions At SP Group

Over the last year, we can see that the biggest insider purchase was by CEO & Member of Executive Board Frank Gad for kr.5.3m worth of shares, at about kr.204 per share. We do like to see buying, but this purchase was made at well below the current price of kr.297. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months SP Group insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and 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!

SP Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does SP Group Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 4.4% of SP Group shares, worth about kr.159m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At SP Group Tell Us?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about SP Group. One for the watchlist, at least! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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 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.