Insider Buying: The Hoist Finance AB (publ) (STO:HOFI) Independent Director Just Bought 2,919% More Shares

By
Simply Wall St
Published
February 14, 2021
OM:HOFI

Hoist Finance AB (publ) (STO:HOFI) shareholders (or potential shareholders) will be happy to see that the Independent Director, Lars Wollung, recently bought a whopping kr9.8m worth of stock, at a price of kr33.72. That increased their holding by a full 2,919%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

See our latest analysis for Hoist Finance

The Last 12 Months Of Insider Transactions At Hoist Finance

In fact, the recent purchase by Lars Wollung was the biggest purchase of Hoist Finance shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is kr34.60. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Hoist Finance share holders is that insiders were buying at near the current price.

In the last twelve months Hoist Finance insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
OM:HOFI Insider Trading Volume February 15th 2021

Hoist Finance is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Hoist Finance Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Hoist Finance insiders own 6.9% of the company, worth about kr213m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Hoist Finance Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Hoist Finance. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Hoist Finance and we suggest you have a look.

But note: Hoist Finance may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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This article by Simply Wall St is general in nature. 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.
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