Samir Tornblad Bought 395% More Shares In Scandi Standard

Whilst it may not be a huge deal, we thought it was good to see that the Scandi Standard AB (publ) (STO:SCST) Group HR & Communication Director, Samir Tornblad, recently bought kr954k worth of stock, for kr94.75 per share. Even though that isn't a massive buy, it did increase their holding by 395%, which is arguably a good sign.

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Scandi Standard Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Director Oystein Engebretsen bought kr6.5m worth of shares at a price of kr83.61 per share. Even though the purchase was made at a significantly lower price than the recent price (kr95.00), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 169.47k shares for kr15m. But they sold 13.09k shares for kr1.1m. In the last twelve months there was more buying than selling by Scandi Standard insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Scandi Standard

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

Insider Ownership Of Scandi Standard

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Scandi Standard insiders own 18% of the company, worth about kr1.1b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Scandi Standard Insiders?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Scandi Standard insiders are well aligned, and quite possibly think the share price is too low. Nice! 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. For example - Scandi Standard has 2 warning signs we think you should be aware of.

But note: Scandi Standard 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 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.