Have Insiders Sold Absolent Air Care Group Shares Recently?

We wouldn't blame Absolent Air Care Group AB (publ) (STO:ABSO) shareholders if they were a little worried about the fact that Axel Berntsson, the President recently netted about kr10m selling shares at an average price of kr336. That sale reduced their total holding by 21% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Absolent Air Care Group

Absolent Air Care Group Insider Transactions Over The Last Year

In fact, the recent sale by President Axel Berntsson was not their only sale of Absolent Air Care Group shares this year. They previously made an even bigger sale of -kr17m worth of shares at a price of kr350 per share. That means that an insider was selling shares at around the current price of kr319. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Axel Berntsson ditched 79.99k shares over the year. The average price per share was kr345. 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!

I will like Absolent Air Care Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Absolent Air Care Group insiders own 14% of the company, worth about kr497m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Absolent Air Care Group Tell Us?

An insider sold Absolent Air Care Group shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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 found 1 warning sign for Absolent Air Care Group that deserve your attention before buying any shares.

But note: Absolent Air Care Group 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 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.