Whilst it may not be a huge deal, we thought it was good to see that the QleanAir AB (STO:QAIR) CEO & Interim VP of Sales - Europe, Christina Lindstedt, recently bought kr378k worth of stock, for kr54.00 per share. That purchase might not be huge but it did increase their holding by 12%.
QleanAir Insider Transactions Over The Last Year
The Chief Financial Officer, Henrik Resmark, made the biggest insider sale in the last 12 months. That single transaction was for kr6.1m worth of shares at a price of kr64.96 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is kr50.00. So it may not tell us anything about how insiders feel about the current share price. Henrik Resmark was the only individual insider to sell over the last year.
In the last twelve months insiders purchased 10.00k shares for kr529k. On the other hand they divested 97.00k shares, for kr6.1m. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like QleanAir better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Our data isn't picking up on much insider ownership at QleanAir, though insiders do hold about kr5.1m worth of shares. However, it's possible that insiders might have an indirect interest through a more complex structure. This level of insider ownership is notably low, and not very encouraging.
So What Do The QleanAir Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. However, the longer term transactions are not so encouraging. Neither the level of insider ownership, nor the transactions over the last twelve months inspire us, but we think the recent buying is positive. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 4 warning signs for QleanAir and we suggest you have a look.
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.
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.