Chief Executive Officer Robert Berg Just Bought 5.4% More Shares In Instabank ASA (OB:INSTA-ME)

Even if it's not a huge purchase, we think it was good to see that Robert Berg, the Chief Executive Officer of Instabank ASA (OB:INSTA-ME) recently shelled out kr343k to buy stock, at kr1.23 per share. However, it only increased their shares held by 5.4%, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Instabank

The Last 12 Months Of Insider Transactions At Instabank

Notably, that recent purchase by Robert Berg is the biggest insider purchase of Instabank shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of kr1.30. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Instabank insiders were buying shares, but not selling. Their average price was about kr1.01. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price of kr1.30. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Instabank is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Instabank insiders own about kr62m worth of shares. That equates to 16% of the company. 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 Instabank Tell Us?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Instabank we think they are probably pretty confident of a bright future. 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. For example - Instabank has 1 warning sign we think you should be aware of.

Of course Instabank 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, but not derivative transactions.

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