Trade Alert: The Independent Chairman Of Multiconsult ASA (OB:MULTI), Rikard Appelgren, Has Just Spent kr711k Buying 14% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Multiconsult ASA (OB:MULTI) Independent Chairman, Rikard Appelgren, recently bought kr711k worth of stock, for kr142 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 14%.

Check out our latest analysis for Multiconsult

The Last 12 Months Of Insider Transactions At Multiconsult

Notably, that recent purchase by Rikard Appelgren is the biggest insider purchase of Multiconsult shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of kr145. 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. Happily, the Multiconsult insiders decided to buy shares at close to current prices.

Multiconsult insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Multiconsult 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.

Insider Ownership Of Multiconsult

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. Based on our data, Multiconsult insiders have about 0.7% of the stock, worth approximately kr27m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Multiconsult Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Multiconsult insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 1 warning sign for Multiconsult you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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. 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.