Trade Alert: The Board Member Of Arctic Bioscience AS (OB:ABS), Jan Vartdal, Has Just Spent kr220k Buying 1.4% More Shares

By
Simply Wall St
Published
April 14, 2022
OB:ABS
Source: Shutterstock

Even if it's not a huge purchase, we think it was good to see that Jan Vartdal, the Board Member of Arctic Bioscience AS (OB:ABS) recently shelled out kr220k to buy stock, at kr15.46 per share. However, it only increased their shares held by 1.4%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Arctic Bioscience

Arctic Bioscience Insider Transactions Over The Last Year

Notably, that recent purchase by Jan Vartdal is the biggest insider purchase of Arctic Bioscience shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is kr16.80. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

Arctic Bioscience insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
OB:ABS Insider Trading Volume April 14th 2022

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company 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. Insiders own 7.7% of Arctic Bioscience shares, worth about kr31m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Arctic Bioscience Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Arctic Bioscience we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Arctic Bioscience. For example, Arctic Bioscience has 4 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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.

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