Director of Concejo Rickard Bergengren Buys 11% More Shares

Potential Concejo AB (publ) (STO:CNCJO B) shareholders may wish to note that the Director, Rickard Bergengren, recently bought kr1.0m worth of stock, paying kr40.50 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 11%.

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The Last 12 Months Of Insider Transactions At Concejo

In fact, the recent purchase by Director Rickard Bergengren was not their only acquisition of Concejo shares this year. They previously made an even bigger purchase of kr1.6m worth of shares at a price of kr39.67 per share. So it's clear an insider wanted to buy, at around the current price, which is kr40.10. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Rickard Bergengren was the only individual insider to buy shares in the last twelve months.

Rickard Bergengren bought a total of 200.84k shares over the year at an average price of kr43.81. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Concejo

Concejo is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Concejo

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Concejo insiders own 61% of the company, worth about kr285m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Concejo Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Concejo insiders are well aligned, and quite possibly think the share price is too low. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Concejo has 1 warning sign we think you should be aware of.

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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.