Trade Alert: The Chief Executive Officer Of Sparebanken Sør (OB:SOR), Geir Bergskaug, Has Just Spent kr528k Buying 8.2% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Sparebanken Sør (OB:SOR) Chief Executive Officer, Geir Bergskaug, recently bought kr528k worth of stock, for kr106 per share. However, it only increased their shares held by 8.2%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Sparebanken Sør

The Last 12 Months Of Insider Transactions At Sparebanken Sør

Notably, that recent purchase by Chief Executive Officer Geir Bergskaug was not the only time they bought Sparebanken Sør shares this year. Earlier in the year, they paid kr102 per share in a kr1.0m purchase. That implies that an insider found the current price of kr107 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

Sparebanken Sør insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Does Sparebanken Sør Boast High Insider Ownership?

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. Based on our data, Sparebanken Sør insiders have about 0.8% of the stock, worth approximately kr14m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.

So What Do The Sparebanken Sør Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Sparebanken Sør shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Sparebanken Sør 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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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. 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.
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