COO & Senior VP of SBU Lighting Jesper Blomquist Just Bought 11,333% More Shares In ITAB Shop Concept AB (publ) (STO:ITAB B)

Whilst it may not be a huge deal, we thought it was good to see that the ITAB Shop Concept AB (publ) (STO:ITAB B) COO & Senior VP of SBU Lighting, Jesper Blomquist, recently bought kr479k worth of stock, for kr14.08 per share. Even though that isn't a massive buy, it did increase their holding by 11,333%, which is arguably a good sign.

See our latest analysis for ITAB Shop Concept

ITAB Shop Concept Insider Transactions Over The Last Year

Notably, that recent purchase by Jesper Blomquist is the biggest insider purchase of ITAB Shop Concept shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is kr14.56. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the ITAB Shop Concept insider decided to buy shares at close to current prices. Jesper Blomquist was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does ITAB Shop Concept Boast High 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 ITAB Shop Concept insiders own 34% of the company, worth about kr495m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At ITAB Shop Concept Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about ITAB Shop Concept. That's what I like to see! 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. Every company has risks, and we've spotted 2 warning signs for ITAB Shop Concept you should know about.

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, but not derivative transactions.

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