Digia Oyj Insider Ups Holding By 29% During Year

Insiders were net buyers of Digia Oyj's (HEL:DIGIA ) stock during the past year. That is, insiders bought more stock than they sold.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Digia Oyj

The Last 12 Months Of Insider Transactions At Digia Oyj

The Chairman of the Board Robert Ingman made the biggest insider purchase in the last 12 months. That single transaction was for €57k worth of shares at a price of €5.68 each. So it's clear an insider wanted to buy, at around the current price, which is €6.14. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Digia Oyj insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Robert Ingman.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Does Digia 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. It appears that Digia Oyj insiders own 6.3% of the company, worth about €10m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Digia Oyj Tell Us?

It doesn't really mean much that no insider has traded Digia Oyj shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Digia Oyj insiders are doubting the company, and they do own shares. Of course, the future is what matters most. So if you are interested in Digia Oyj, you should check out this free report on analyst forecasts for the company.

Of course Digia 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.