Despite Hitting kr22.00, Nimbus Group Insiders Still Sold Too Soon

Despite the fact that Nimbus Group AB (Publ)'s (STO:BOAT) value has dropped 17% in the last week insiders who sold kr2.6m worth of stock in the past 12 months have had less success. Insiders might have been better off holding onto their shares, given that the average selling price of kr38.51 is still below the current share price.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Nimbus Group

The Last 12 Months Of Insider Transactions At Nimbus Group

In the last twelve months, the biggest single sale by an insider was when the Chief Executive Officer, Jan-Erik Lindström, sold kr1.4m worth of shares at a price of kr41.00 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (kr22.00). So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Jan-Erik Lindström. Notably Jan-Erik Lindström was also the biggest buyer, having purchased kr352k worth of shares.

Jan-Erik Lindström sold a total of 68.05k shares over the year at an average price of kr38.51. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Nimbus Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Nimbus Group

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Nimbus Group insiders own 5.5% of the company, worth about kr26m. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Nimbus Group Insider Transactions Indicate?

There haven't been any insider transactions in the last three months -- that doesn't mean much. Our analysis of Nimbus Group insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Nimbus Group has 3 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.