Investors may wish to note that the Executive Vice President of Fluid Transfer of Kongsberg Automotive ASA, David Redfearn, recently netted kr117k from selling stock, receiving an average price of kr0.16. It wasn't a huge sale, but it did reduce their holding by 14%. This does not instill confidence.
View our latest analysis for Kongsberg Automotive
Kongsberg Automotive Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Executive Vice President of Purchasing Dzeki Mackinovski bought kr461k worth of shares at a price of kr5.15 per share. That means that even when the share price was higher than kr0.15 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 321.24k shares for kr1.4m. But insiders sold 732.03k shares worth kr117k. In the last twelve months there was more buying than selling by Kongsberg Automotive insiders. Their average price was about kr4.31. This is nice to see since it implies that insiders might see value around current prices. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Kongsberg Automotive
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From what we can see in our data, insiders own only about kr193k worth of Kongsberg Automotive shares. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.
What Might The Insider Transactions At Kongsberg Automotive Tell Us?
An insider sold Kongsberg Automotive shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. But insiders own relatively little of the company, from what we can see. So we can't be sure that insiders are optimistic. 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. Every company has risks, and we've spotted 4 warning signs for Kongsberg Automotive (of which 1 can't be ignored!) you should know about.
But note: Kongsberg Automotive 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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