Scanfil Oyj Chief Financial Officer Kai Valo Sells 50% Of Holding

We'd be surprised if Scanfil Oyj (HEL:SCANFL) shareholders haven't noticed that the Chief Financial Officer, Kai Valo, recently sold €98k worth of stock at €9.78 per share. The eyebrow raising move amounted to a reduction of 50% in their holding.

View our latest analysis for Scanfil Oyj

The Last 12 Months Of Insider Transactions At Scanfil Oyj

In fact, the recent sale by Kai Valo was the biggest sale of Scanfil Oyj shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was slightly below the current price of €9.80, an insider wanted to cash in some shares. 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. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 50% of Kai Valo's stake.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Scanfil 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.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Scanfil Oyj insiders own about €451m worth of shares (which is 71% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Scanfil Oyj Insiders?

An insider hasn't bought Scanfil Oyj stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But since Scanfil Oyj is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing 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. For example - Scanfil Oyj has 1 warning sign we think you should be aware of.

But note: Scanfil 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, but not derivative transactions.

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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.