Trade Alert: Chief Strategy & Technology Officer Of Nokia Oyj Nishant Batra Has Sold Stock

Some Nokia Oyj (HEL:NOKIA) shareholders may be a little concerned to see that the Chief Strategy & Technology Officer, Nishant Batra, recently sold a substantial €656k worth of stock at a price of €3.63 per share. That's a big disposal, and it decreased their holding size by 35%, which is notable but not too bad.

Check out our latest analysis for Nokia Oyj

The Last 12 Months Of Insider Transactions At Nokia Oyj

In fact, the recent sale by Nishant Batra was the biggest sale of Nokia Oyj shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (€3.73). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower 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 35% of Nishant Batra's holding.

In the last twelve months insiders purchased 43.17k shares for €146k. But insiders sold 180.55k shares worth €656k. 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Nokia Oyj

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Nokia Oyj insiders own 0.1% of the company, worth about €22m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Nokia Oyj Insiders?

The insider sales have outweighed the insider buying, at Nokia Oyj, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! 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. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Nokia Oyj.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.