Trade Alert: CEO & President Of Mips Max Strandwitz Has Sold Stock

Some Mips AB (publ) (STO:MIPS) shareholders may be a little concerned to see that the CEO & President, Max Strandwitz, recently sold a substantial kr43m worth of stock at a price of kr358 per share. That diminished their holding by a very significant 98%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for Mips

Mips Insider Transactions Over The Last Year

Notably, that recent sale by Max Strandwitz is the biggest insider sale of Mips shares that we've seen in the last year. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (kr326). So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 5.20k shares worth kr1.6m. But insiders sold 139.37k shares worth kr50m. All up, insiders sold more shares in Mips than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Mips 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 Mips

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Mips insiders own 1.1% of the company, worth about kr91m. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Mips Insiders?

Insiders haven't bought Mips stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mips. Every company has risks, and we've spotted 2 warning signs for Mips 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 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.