The Co-Founder of Storskogen Group AB (publ) (STO:STOR B), Alexander Bjargard, Just Bought 3.7% More Shares

By
Simply Wall St
Published
April 13, 2022
OM:STOR B
Source: Shutterstock

Those following along with Storskogen Group AB (publ) (STO:STOR B) will no doubt be intrigued by the recent purchase of shares by Alexander Bjargard, Co-Founder of the company, who spent a stonking kr23m on stock at an average price of kr23.05. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 3.7%.

See our latest analysis for Storskogen Group

Storskogen Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Co-founder & CEO Daniel Kaplan bought kr5.8b worth of shares at a price of kr38.50 per share. That means that an insider was happy to buy shares at above the current price of kr23.27. 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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Notably Daniel Kaplan was also the biggest seller.

In the last twelve months insiders purchased 153.16m shares for kr5.9b. On the other hand they divested 164.44m shares, for kr6.3b. Over the last year we saw more insider selling of Storskogen Group shares, than buying. 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!

insider-trading-volume
OM:STOR B Insider Trading Volume April 13th 2022

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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Storskogen Group insiders own 8.1% of the company, currently worth about kr3.2b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Storskogen Group Tell Us?

It is good to see recent purchasing. On the other hand the transaction history, over the last year, isn't so positive. The high levels of insider ownership, and the recent buying by some insiders suggests they are well aligned and optimistic. While we like knowing 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. For example - Storskogen Group has 1 warning sign we think you should be aware of.

Of course Storskogen Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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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