Insider Buying: The Q-Free ASA (OB:QFR) Director Just Bought 67% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Q-Free ASA (OB:QFR) Director, Geir Bjørlo, recently bought kr257k worth of stock, for kr5.45 per share. Even though that isn't a massive buy, it did increase their holding by 67%, which is arguably a good sign.

Check out our latest analysis for Q-Free

Q-Free Insider Transactions Over The Last Year

While no particular insider transaction stood out, we can still look at the overall trading.

Q-Free insiders may have bought shares in the last year, but they didn't sell any. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Q-Free

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Based on our data, Q-Free insiders have about 3.2% of the stock, worth approximately kr18m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Q-Free Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Q-Free we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Q-Free and we suggest you have a look.

But note: Q-Free 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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