Whilst it may not be a huge deal, we thought it was good to see that the Salmon Evolution ASA (OB:SALME) Chief Executive Officer, Hakon Berg, recently bought kr194k worth of stock, for kr7.77 per share. That purchase might not be huge but it did increase their holding by 16%.
Salmon Evolution Insider Transactions Over The Last Year
The insider Roger Halsebakk made the biggest insider purchase in the last 12 months. That single transaction was for kr10.0m worth of shares at a price of kr6.00 each. Even though the purchase was made at a significantly lower price than the recent price (kr7.95), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Salmon Evolution 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Salmon Evolution 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. We usually like to see fairly high levels of insider ownership. It appears that Salmon Evolution insiders own 9.7% of the company, worth about kr234m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Salmon Evolution Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Salmon Evolution insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Salmon Evolution. To help with this, we've discovered 2 warning signs (1 is significant!) that you ought to be aware of before buying any shares in Salmon Evolution.
But note: Salmon Evolution may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
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 (at) simplywallst.com.