One Agilyx Insider Has Reduced Their Stake

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

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Agilyx

The Last 12 Months Of Insider Transactions At Agilyx

Over the last year, we can see that the biggest insider sale was by the Chief Technology Officer, Christopher Faulkner, for kr956k worth of shares, at about kr30.21 per share. That means that an insider was selling shares at slightly below the current price (kr31.10). 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 7.0% of Christopher Faulkner's holding. The only individual insider seller over the last year was Christopher Faulkner.

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!

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Does Agilyx Boast High 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. Agilyx insiders own about kr148m worth of shares. That equates to 4.3% 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.

So What Do The Agilyx Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Agilyx shares in the last quarter. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Agilyx insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Agilyx. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Agilyx.

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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.