Have Aker BP ASA (OB:AKERBP) Insiders Been Selling Their Stock?

By
Simply Wall St
Published
November 18, 2020
OB:AKRBP

We note that a Aker BP ASA (OB:AKERBP) insider, Anniken Maurseth, recently sold kr493k worth of stock for kr183 per share. It wasn't a huge sale, but it did reduce their holding by 21%. This does not instill confidence.

Check out our latest analysis for Aker BP

Aker BP Insider Transactions Over The Last Year

In fact, the recent sale by Anniken Maurseth was the biggest sale of Aker BP shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (kr191). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 21% of Anniken Maurseth's stake.

Over the last year, we can see that insiders have bought 4.40k shares worth kr600k. But insiders sold 5.00k shares worth kr913k. Anniken Maurseth sold a total of 5.00k shares over the year at an average price of US$183. 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!

insider-trading-volume
OB:AKERBP Insider Trading Volume November 19th 2020

I will like Aker BP better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Aker BP insiders own about kr231m worth of shares. That equates to 0.3% 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 Aker BP Insider Transactions Indicate?

An insider sold Aker BP shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 6 warning signs for Aker BP you should be aware of.

Of course Aker BP 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.

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This article by Simply Wall St is general in nature. 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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