Chairman of the Board of Citycon Oyj Picks Up 245% More Stock

Those following along with Citycon Oyj (HEL:CTY1S) will no doubt be intrigued by the recent purchase of shares by Chaim Katzman, Chairman of the Board of the company, who spent a stonking €1.2m on stock at an average price of €3.98. That purchase boosted their holding by 245%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

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Citycon Oyj Insider Transactions Over The Last Year

Notably, that recent purchase by Chaim Katzman is the biggest insider purchase of Citycon Oyj shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of €3.98. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. Chaim Katzman was the only individual insider to buy during the last year.

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!

Check out our latest analysis for Citycon Oyj

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

Insider Ownership Of Citycon Oyj

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests Citycon Oyj insiders own 0.4% of the company, worth about €3.1m. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Citycon Oyj Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Citycon Oyj insiders are reasonably well aligned, and optimistic for the future. 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. While conducting our analysis, we found that Citycon Oyj has 2 warning signs and it would be unwise to ignore these.

Of course Citycon Oyj may not be the best stock to buy. So you may wish to see this free collection of high quality 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.