An Insider At Skandia GreenPower Lowered Their Holding Recently

Insiders were net sellers of Skandia GreenPower AS' (OB:SKAND ) stock during the past year. That is, insiders sold more stock than they bought.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Skandia GreenPower

The Last 12 Months Of Insider Transactions At Skandia GreenPower

The CEO & Director, Tommie Rudi, made the biggest insider sale in the last 12 months. That single transaction was for kr2.2m worth of shares at a price of kr1.10 each. So we know that an insider sold shares at around the present share price of kr1.06. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). Tommie Rudi was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid kr1.1m for 1.81m shares. But they sold 2.33m shares for kr2.6m. Tommie Rudi ditched 2.33m shares over the year. The average price per share was kr1.12. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insiders At Skandia GreenPower Have Sold Stock Recently

There was substantially more insider selling, than buying, of Skandia GreenPower shares over the last three months. In that time, CEO & Director Tommie Rudi dumped kr2.6m worth of shares. On the flip side, insiders spent kr433k on purchasing shares. The share price has moved a bit recently, but it's hard to argue that the selling is a positive.

Insider Ownership

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. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Skandia GreenPower insiders own 81% of the company, worth about kr67m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Skandia GreenPower Insiders?

The insider sales have outweighed the insider buying, at Skandia GreenPower, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of 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. At Simply Wall St, we've found that Skandia GreenPower has 6 warning signs (4 are a bit concerning!) that deserve your attention before going any further with your analysis.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com