Whilst it may not be a huge deal, we thought it was good to see that the SpareBank 1 Østlandet (OB:SPOL) Deputy Chairman of the Board, Nina Lier, recently bought kr395k worth of stock, for kr139 per share. While that isn't the hugest buy, it actually boosted their shareholding by 222%, which is good to see.
The Last 12 Months Of Insider Transactions At SpareBank 1 Østlandet
Over the last year, we can see that the biggest insider purchase was by Chief Executive Officer Richard Heiberg for kr510k worth of shares, at about kr102 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of kr140. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
SpareBank 1 Østlandet insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around kr115. To my mind it is good that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
SpareBank 1 Østlandet is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does SpareBank 1 Østlandet Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Our data suggests SpareBank 1 Østlandet insiders own 0.2% of the company, worth about kr25m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At SpareBank 1 Østlandet Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in SpareBank 1 Østlandet shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of SpareBank 1 Østlandet.
Of course SpareBank 1 Østlandet 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.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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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