Evolution Group Chief Executive Officer Acquires 15% More Stock

Evolution AB (publ) (STO:EVO) shareholders (or potential shareholders) will be happy to see that the Group Chief Executive Officer, Martin Carlesund, recently bought a whopping kr67m worth of stock, at a price of kr671. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 15%.

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The Last 12 Months Of Insider Transactions At Evolution

Notably, that recent purchase by Group Chief Executive Officer Martin Carlesund was not the only time they bought Evolution shares this year. They previously made an even bigger purchase of kr208m worth of shares at a price of kr853 per share. That means that an insider was happy to buy shares at above the current price of kr698. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. We note that Martin Carlesund was also the biggest seller.

Over the last year, we can see that insiders have bought 347.06k shares worth kr277m. But they sold 243.56k shares for kr208m. In total, Evolution insiders bought more than they sold 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Evolution

Evolution is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Evolution Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Evolution insiders own 31% of the company, worth about kr43b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Evolution Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Evolution. That's what I like to see! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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.