The Independent Chairman of the Board of Techstep ASA (OB:TECH), Jens Rugseth, Just Bought 2.7% More Shares

Potential Techstep ASA (OB:TECH) shareholders may wish to note that the Independent Chairman of the Board, Jens Rugseth, recently bought kr2.5m worth of stock, paying kr5.10 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.7%.

Check out our latest analysis for Techstep

Techstep Insider Transactions Over The Last Year

In fact, the recent purchase by Jens Rugseth was the biggest purchase of Techstep shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of kr5.20. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Techstep share holders is that an insider was buying at near the current price. Jens Rugseth was the only individual insider to buy during the last year.

Jens Rugseth purchased 1.00m shares over the year. The average price per share was kr4.55. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Techstep 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.

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. It appears that Techstep insiders own 34% of the company, worth about kr321m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Techstep Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Techstep. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 3 warning signs (1 doesn't sit too well with us!) that you ought to be aware of before buying any shares in Techstep.

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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