Saab Insiders Added kr17m Of Stock To Their Holdings

Quite a few insiders have dramatically grown their holdings in Saab AB (publ) (STO:SAAB B) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.

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

Check out our latest analysis for Saab

Saab Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Employee Representative Director Stefan Andersson bought kr8.8m worth of shares at a price of kr370 per share. Even though the purchase was made at a significantly lower price than the recent price (kr592), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid kr17m for 43.42k shares. But they sold 28.90k shares for kr16m. In total, Saab insiders bought more than they sold over the last year. 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!

Saab is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Saab Insiders Bought Stock Recently

There was some insider buying at Saab over the last quarter. In total, insiders bought kr1.3m worth of shares in that time. However, they netted kr850k for sales. While it's good to see the insider buying, the net amount bought isn't enough for us to gain much confidence from it.

Does Saab Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Saab insiders own 0.3% of the company, worth about kr219m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Saab Insiders?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Saab insiders are well aligned, and quite possibly think the share price is too low. Nice! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Saab.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.