Stock Analysis

Fortum Oyj Insider Lowered Holding By 100% During Last Year

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Viewing insider transactions for Fortum Oyj's (HEL:FORTUM ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Fortum Oyj

Fortum Oyj Insider Transactions Over The Last Year

The insider, Per Langer, made the biggest insider sale in the last 12 months. That single transaction was for €775k worth of shares at a price of €14.84 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of €11.88. So it may not tell us anything about how insiders feel about the current share price. Per Langer was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid €94k for 7.65k shares. On the other hand they divested 52.27k shares, for €775k. 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!

HLSE:FORTUM Insider Trading Volume September 23rd 2023

I will like Fortum 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.

Fortum Oyj Insiders Bought Stock Recently

Over the last quarter, Fortum Oyj insiders have spent a meaningful amount on shares. Specifically, Independent Director Teppo Paavola bought €56k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Fortum Oyj insiders own 0.03% of the company, worth about €2.9m. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Fortum Oyj Insiders?

The recent insider purchase is heartening. On the other hand the transaction history, over the last year, isn't so positive. Neither the level of insider ownership, nor the transactions over the last twelve months inspire us, but we think the recent buying is positive. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Fortum Oyj. You'd be interested to know, that we found 1 warning sign for Fortum Oyj and we suggest you have a look.

Of course Fortum 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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