We'd be surprised if Kid ASA (OB:KID) shareholders haven't noticed that the Chief Financial Officer, Eystein Lund, recently sold kr2.2m worth of stock at kr109 per share. The eyebrow raising move amounted to a reduction of 28% in their holding.
Kid Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by insider Solveig Gjelsten for kr2.3m worth of shares, at about kr91.05 per share. We do like to see buying, but this purchase was made at well below the current price of kr108. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Over the last year, we can see that insiders have bought 47.94k shares worth kr4.4m. But insiders sold 20.00k shares worth kr2.2m. Overall, Kid 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. By clicking on the graph below, you can see the precise details of each insider transaction!
Kid is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Kid Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Kid insiders own about kr221m worth of shares. That equates to 5.0% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Kid Tell Us?
An insider hasn't bought Kid stock in the last three months, but there was some selling. But we take heart from prior transactions. And insider ownership remains quite considerable. So we're not too bothered by recent selling. 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. You'd be interested to know, that we found 2 warning signs for Kid and we suggest you have a look.
But note: Kid 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.
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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.