Trade Alert: Country Manager of Norway Of Sats Wenche Evertsen Has Sold Stock

We'd be surprised if Sats ASA (OB:SATS) shareholders haven't noticed that the Country Manager of Norway, Wenche Evertsen, recently sold kr3.3m worth of stock at kr32.26 per share. The eyebrow raising move amounted to a reduction of 28% in their holding.

Check out our latest analysis for Sats

Sats Insider Transactions Over The Last Year

Notably, that recent sale by Wenche Evertsen is the biggest insider sale of Sats shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of kr31.50. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Sats insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Sats

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Sats insiders own 3.0% of the company, worth about kr192m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Sats Tell Us?

An insider hasn't bought Sats stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But since Sats is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 2 warning signs for Sats (1 makes us a bit uncomfortable!) that we believe deserve your full attention.

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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.