This Insider Has Just Sold Shares In Premium Snacks Nordic

Some Premium Snacks Nordic AB (publ) (STO:SNX) shareholders may be a little concerned to see that the Independent Director, Per Ekstrand, recently sold a substantial kr11m worth of stock at a price of kr41.31 per share. That sale reduced their total holding by 20% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At Premium Snacks Nordic

In fact, the recent sale by Independent Director Per Ekstrand was not their only trade of Premium Snacks Nordic shares this year. Earlier in the year, they spent kr17m to buy shares at kr23.90 per share. Even though the purchase was made at a significantly lower price than the recent price (kr39.30), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months insiders purchased 805.44k shares for kr19m. On the other hand they divested 1.13m shares, for kr32m. Per Ekstrand sold a total of 1.13m shares over the year at an average price of kr28.37. 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!

See our latest analysis for Premium Snacks Nordic

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Insider Ownership Of Premium Snacks Nordic

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. Premium Snacks Nordic insiders own 51% of the company, currently worth about kr271m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Premium Snacks Nordic Tell Us?

An insider sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But it is good to see that Premium Snacks Nordic is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Premium Snacks Nordic.

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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.