Endúr Sees Insider Stock Selling

Insiders were net sellers of Endúr ASA's (OB:ENDUR ) stock during the past year. That is, insiders sold more stock than they bought.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Endúr

The Last 12 Months Of Insider Transactions At Endúr

The Board Member, Jorn Ryberg, made the biggest insider sale in the last 12 months. That single transaction was for kr5.5m worth of shares at a price of kr40.50 each. That means that even when the share price was below the current price of kr44.20, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 7.0% of Jorn Ryberg's holding. The only individual insider seller over the last year was Jorn Ryberg. Notably Jorn Ryberg was also the biggest buyer, having purchased kr5.2m worth of shares.

In the last twelve months insiders purchased 189.95k shares for kr5.2m. On the other hand they divested 134.58k shares, for kr5.5m. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Does Endúr 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. Endúr insiders own about kr113m worth of shares. That equates to 7.9% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Endúr Insider Transactions Indicate?

The fact that there have been no Endúr insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Endúr insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Endúr. To help with this, we've discovered 2 warning signs (1 shouldn't be ignored!) that you ought to be aware of before buying any shares in Endúr.

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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 of direct interests only, but not derivative transactions or indirect interests.

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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.