Bullish Citycon Oyj Insiders Loaded Up On €803k Of Stock

In the last year, multiple insiders have substantially increased their holdings of Citycon Oyj (HEL:CTY1S) stock, indicating that insiders' optimism about the company's prospects has increased.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Citycon Oyj

Citycon Oyj Insider Transactions Over The Last Year

The CEO & Vice Chairman F. Ball made the biggest insider purchase in the last 12 months. That single transaction was for €676k worth of shares at a price of €6.76 each. That means that an insider was happy to buy shares at above the current price of €5.18. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Happily, we note that in the last year insiders paid €803k for 120.38k shares. But they sold 15.84k shares for €97k. In the last twelve months there was more buying than selling by Citycon Oyj insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Citycon Oyj is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Citycon 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. We usually like to see fairly high levels of insider ownership. Our data suggests Citycon Oyj insiders own 0.5% of the company, worth about €4.1m. We consider this fairly low insider ownership.

So What Do The Citycon Oyj Insider Transactions Indicate?

The fact that there have been no Citycon Oyj insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Citycon Oyj stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Citycon Oyj. When we did our research, we found 3 warning signs for Citycon Oyj (1 is potentially serious!) that we believe deserve your full attention.

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.