Some Nordnet AB (publ) (STO:SAVE) shareholders may be a little concerned to see that insider Anne Buchardt recently sold a substantial kr8.4m worth of stock at a price of kr161 per share. That sale reduced their total holding by 25% which is hardly insignificant, but far from the worst we've seen.
Nordnet Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, Hans Torsten Larsson, for kr13m worth of shares, at about kr151 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of kr134. So it is hard to draw any strong conclusion from it.
In the last twelve months insiders purchased 72.94k shares for kr11m. But they sold 371.91k shares for kr61m. All up, insiders sold more shares in Nordnet than they bought, over the last year. 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Nordnet Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Nordnet insiders own 9.3% of the company, worth about kr3.1b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Nordnet Tell Us?
Unfortunately, there has been more insider selling of Nordnet stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Nordnet is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Nordnet.
But note: Nordnet 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.
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.