Have Insiders Sold Coor Service Management Holding AB (STO:COOR) Shares Recently?

Simply Wall St
July 24, 2021
Source: Shutterstock

Investors may wish to note that the President of Coor Denmark of Coor Service Management Holding AB, Jørgen Utzon, recently netted kr765k from selling stock, receiving an average price of kr78.20. It wasn't a huge sale, but it did reduce their holding by 16%. This does not instill confidence.

See our latest analysis for Coor Service Management Holding

Coor Service Management Holding Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Chief Legal Counsel, Erik Strümpel, for kr1.1m worth of shares, at about kr73.90 per share. That means that an insider was selling shares at slightly below the current price (kr78.20). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was 58% of Erik Strümpel's stake.

Over the last year, we can see that insiders have bought 38.57k shares worth kr2.7m. But they sold 48.97k shares for kr3.6m. Over the last year we saw more insider selling of Coor Service Management Holding shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

OM:COOR Insider Trading Volume July 24th 2021

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

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Coor Service Management Holding insiders own about kr56m worth of shares (which is 0.7% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Coor Service Management Holding Tell Us?

The stark truth for Coor Service Management Holding is that there has been more insider selling than insider buying in the last three months. Zooming out, the longer term picture doesn't give us much comfort. But since Coor Service Management Holding is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Coor Service Management Holding. Every company has risks, and we've spotted 3 warning signs for Coor Service Management Holding you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

If you’re looking to trade Coor Service Management Holding, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

This article by Simply Wall St is general in nature. 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.
*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

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

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.

Simply Wall St character - Warren

Simply Wall St

Simply Wall St is focused on providing unbiased, high-quality research coverage on every listed company in the world. Our research team consists of data scientists and multiple equity analysts with over two decades worth of financial markets experience between them.