Trade Alert: Head of Innovation & Technology and Member of the Management Board Of Harvia Oyj Timo Harvia Has Sold Stock

We wouldn't blame Harvia Oyj (HEL:HARVIA) shareholders if they were a little worried about the fact that Timo Harvia, the Head of Innovation & Technology and Member of the Management Board recently netted about €1.5m selling shares at an average price of €41.07. That's a big disposal, and it decreased their holding size by 26%, which is notable but not too bad.

View our latest analysis for Harvia Oyj

The Last 12 Months Of Insider Transactions At Harvia Oyj

In fact, the recent sale by Timo Harvia was the biggest sale of Harvia Oyj shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of €40.95. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Insiders in Harvia Oyj didn't buy any shares in the last year. 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!

I will like Harvia Oyj better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Harvia Oyj 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 4.7% of Harvia Oyj shares, worth about €36m. 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 Harvia Oyj Tell Us?

An insider hasn't bought Harvia Oyj stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. On the plus side, Harvia Oyj makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Harvia Oyj.

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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.