We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell SpareBank 1 Telemark (OB:SBTE), you may well want to know whether insiders have been buying or selling.
What Is Insider Buying?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.
We don't think shareholders should simply follow insider transactions. But it is perfectly logical to keep tabs on what insiders are doing. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
The Last 12 Months Of Insider Transactions At SpareBank 1 Telemark
In the last twelve months, the biggest single purchase by an insider was when Morten Christoffersen bought øre1.3m worth of shares at a price of øre116 per share. So it's clear an insider wanted to buy, at around the current price. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In any event it's generally a positive if insiders are buying shares at around the current price. Morten Christoffersen was the only individual insider to buy shares in the last twelve months.
Morten Christoffersen bought a total of 15.20k shares over the year at an average price of øre117. You can see the insider transactions (by 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!
SpareBank 1 Telemark is not the only stock insiders are buying. So take a peek at this freelist of growing companies with insider buying.
Insider Ownership of SpareBank 1 Telemark
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. From what we can see in our data, insiders own only about øre2.6m worth of SpareBank 1 Telemark shares. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.
So What Does This Data Suggest About SpareBank 1 Telemark Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on SpareBank 1 Telemark stock. Therefore, you should should definitely take a look at this FREEreport showing analyst forecasts for SpareBank 1 Telemark.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this freelist of interesting companies.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
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