Chairman of the Board of KONE Oyj Picks Up 1.0% More Stock

KONE Oyj (HEL:KNEBV) shareholders (or potential shareholders) will be happy to see that the Chairman of the Board, Antti Herlin, recently bought a whopping €4.1m worth of stock, at a price of €41.09. While that only increased their holding size by 1.0%, it is still a big swing by our standards.

View our latest analysis for KONE Oyj

The Last 12 Months Of Insider Transactions At KONE Oyj

In fact, the recent purchase by Antti Herlin was the biggest purchase of KONE Oyj shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being €41.01). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Antti Herlin was the only individual insider to buy during the last year.

Antti Herlin purchased 277.79k shares over the year. The average price per share was €44.12. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of KONE Oyj

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. KONE Oyj insiders own about €1.8b worth of shares (which is 8.4% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About KONE Oyj Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest KONE Oyj insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing KONE Oyj. In terms of investment risks, we've identified 2 warning signs with KONE Oyj and understanding them should be part of your investment process.

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.