Vegard Soraunet Buys Handful Of Shares In ITAB Shop Concept

Those following along with ITAB Shop Concept AB (publ) (STO:ITAB) will no doubt be intrigued by the recent purchase of shares by Vegard Soraunet, Director of the company, who spent a stonking kr40m on stock at an average price of kr22.70. While that only increased their holding size by -100%, it is still a big swing by our standards.

See our latest analysis for ITAB Shop Concept

The Last 12 Months Of Insider Transactions At ITAB Shop Concept

Notably, that recent purchase by Vegard Soraunet is the biggest insider purchase of ITAB Shop Concept shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of kr29.50. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

The chart below shows insider transactions (by companies and individuals) over the last year. 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 undervalued small cap companies that insiders are buying.

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. ITAB Shop Concept insiders own about kr1.4b worth of shares (which is 20% of the company). 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 ITAB Shop Concept Tell Us?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about ITAB Shop Concept. Nice! While it's good to be aware of 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 - ITAB Shop Concept has 2 warning signs we think you should be aware of.

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 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.