This Insider Has Just Sold Shares In Evli Oyj

Anyone interested in Evli Oyj (HEL:EVLI) should probably be aware that the Head of Investment Products & Services, Kim Pessala, recently divested €391k worth of shares in the company, at an average price of €19.56 each. That sale was 19% of their holding, so it does make us raise an eyebrow.

View our latest analysis for Evli Oyj

The Last 12 Months Of Insider Transactions At Evli Oyj

Over the last year, we can see that the biggest insider sale was by the insider, Lehtimäki Olavi, for €1.4m worth of shares, at about €18.51 per share. That means that an insider was selling shares at slightly below the current price (€19.65). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 40% of Lehtimäki Olavi's holding.

Over the last year we saw more insider selling of Evli Oyj shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Evli Oyj better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Evli Oyj Boast High Insider Ownership?

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. Evli Oyj insiders own 37% of the company, currently worth about €195m based on the recent share price. 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 Evli Oyj Insiders?

The insider sales have outweighed the insider buying, at Evli Oyj, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Evli Oyj is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 4 warning signs for Evli Oyj (1 is potentially serious!) that we believe deserve your full attention.

But note: Evli Oyj may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.