Pexip Holding Chief Revenue Officer Åsmund Fodstad Sells 31% Of Holding

We wouldn't blame Pexip Holding ASA (OB:PEXIP) shareholders if they were a little worried about the fact that Åsmund Fodstad, the Chief Revenue Officer recently netted about kr10m selling shares at an average price of kr40.67. That's a big disposal, and it decreased their holding size by 31%, which is notable but not too bad.

Check out our latest analysis for Pexip Holding

The Last 12 Months Of Insider Transactions At Pexip Holding

In fact, the recent sale by Åsmund Fodstad was the biggest sale of Pexip Holding shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of kr40.45. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last twelve months insiders purchased 337.96k shares for kr8.8m. But they sold 250.00k shares for kr10m. 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!

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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. Insiders own 19% of Pexip Holding shares, worth about kr796m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Pexip Holding Insider Transactions Indicate?

The stark truth for Pexip Holding is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Pexip Holding. You'd be interested to know, that we found 1 warning sign for Pexip Holding and we suggest you have a look.

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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 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.