Even if it’s not a huge purchase, we think it was good to see that Kristian Johansen, the Chief Executive Officer of TGS-NOPEC Geophysical Company ASA (OB:TGS) recently shelled out US$329k to buy stock, at US$219 per share. However, we do note that it only increased their holding by 5.3%, and it wasn’t a huge purchase by absolute value, either.
TGS-NOPEC Geophysical Insider Transactions Over The Last Year
The Senior Vice President of Data Processing and Research & Development, Zhiming Li, made the biggest insider sale in the last 12 months. That single transaction was for kr11m worth of shares at a price of kr348 each. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (kr207). So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Zhiming Li.
In the last twelve months insiders purchased 4600 shares for kr1.1m. On the other hand they divested 32800 shares, for kr11m. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Does TGS-NOPEC Geophysical Boast High Insider Ownership?
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 TGS-NOPEC Geophysical insiders own 1.6% of the company, worth about kr331m. 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 TGS-NOPEC Geophysical Tell Us?
The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. The recent buying by an insider, along with high insider ownership, suggest that TGS-NOPEC Geophysical insiders are fairly aligned, and optimistic. Of course, the future is what matters most. So if you are interested in TGS-NOPEC Geophysical, you should check out this free report on analyst forecasts for the company.
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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.