Niclas Hugosson Bought 55,235% More Shares In Carasent

Carasent ASA (OB:CARA) shareholders (or potential shareholders) will be happy to see that the Founder, Niclas Hugosson, recently bought a whopping kr28m worth of stock, at a price of kr10.78. That increased their holding by a full 55,235%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

See our latest analysis for Carasent

The Last 12 Months Of Insider Transactions At Carasent

Notably, that recent purchase by Niclas Hugosson is the biggest insider purchase of Carasent shares that we've seen in the last year. That means that even when the share price was higher than kr10.32 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. Notably Niclas Hugosson was also the biggest seller.

Over the last year, we can see that insiders have bought 2.61m shares worth kr28m. But insiders sold 350.00k shares worth kr5.3m. Overall, Carasent insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Carasent is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Carasent Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 6.5% of Carasent shares, worth about kr53m, according to our data. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Carasent Tell Us?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Carasent insiders are well aligned, and that they may think the share price is too low. 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've found that Carasent has 3 warning signs (1 is a bit concerning!) that deserve your attention before going any further with your analysis.

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 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.