Trade Alert: The Executive Vice President of BioSolutions Of Borregaard ASA (OB:BRG), Tom Foss-Jacobsen, Has Sold Some Shares Recently

We'd be surprised if Borregaard ASA (OB:BRG) shareholders haven't noticed that the Executive Vice President of BioSolutions, Tom Foss-Jacobsen, recently sold kr1.3m worth of stock at kr129 per share. That sale was 26% of their holding, so it does make us raise an eyebrow.

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Borregaard Insider Transactions Over The Last Year

Notably, that recent sale by Tom Foss-Jacobsen is the biggest insider sale of Borregaard shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of kr125. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we can see that insiders have bought 8.93k shares worth kr696k. But they sold 10.00k shares for kr1.3m. 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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Borregaard insiders own 0.5% of the company, worth about kr63m. However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Borregaard Insiders?

An insider sold Borregaard shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 3 warning signs for Borregaard that deserve your attention before buying any shares.

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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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