Have Nordnet Insiders Been Selling Stock?

We wouldn't blame Nordnet AB (publ) (STO:SAVE) shareholders if they were a little worried about the fact that Lars-Ake Norling, the Chief Executive Officer recently netted about kr58m selling shares at an average price of kr232. That sale reduced their total holding by 16% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Nordnet

Nordnet Insider Transactions Over The Last Year

Notably, that recent sale by Lars-Ake Norling is the biggest insider sale of Nordnet shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of kr232. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 16% of Lars-Ake Norling's holding.

Over the last year we saw more insider selling of Nordnet shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Nordnet

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Nordnet insiders own about kr3.6b worth of shares (which is 6.1% of the company). 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 Nordnet Insider Transactions Indicate?

Unfortunately, there has been more insider selling of Nordnet stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Nordnet is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Nordnet. At Simply Wall St, we've found that Nordnet has 3 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.

Of course Nordnet may not be the best stock to buy. So you may wish to see this free collection of high quality 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.