Have Insiders Sold Reach Subsea Shares Recently?

We note that the Reach Subsea ASA (OB:REACH) Independent Director, Anders Onarheim, recently sold kr877k worth of stock for kr8.77 per share. However we note that the sale only shrunk their holding by 10.0%.

Check out our latest analysis for Reach Subsea

The Last 12 Months Of Insider Transactions At Reach Subsea

In fact, the recent sale by Anders Onarheim was the biggest sale of Reach Subsea shares made by an insider individual in the last twelve months, according to our records. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of kr7.72. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 119.38k shares worth kr506k. But insiders sold 100.00k shares worth kr877k. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Reach Subsea

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. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Reach Subsea insiders own 4.2% of the company, worth about kr88m. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Reach Subsea Insiders?

An insider hasn't bought Reach Subsea stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Reach Subsea is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! 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. At Simply Wall St, we found 3 warning signs for Reach Subsea that deserve your attention before buying any shares.

Of course Reach Subsea 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 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com