Have Iconovo AB (publ) (STO:ICO) Insiders Been Selling Their Stock?

Anyone interested in Iconovo AB (publ) (STO:ICO) should probably be aware that the CTO, Co-Founder & Director, Orest Lastow, recently divested kr1.1m worth of shares in the company, at an average price of kr55.00 each. On the bright side, that sale was only 2.4% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for Iconovo

The Last 12 Months Of Insider Transactions At Iconovo

In fact, the recent sale by Orest Lastow was the biggest sale of Iconovo shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to take some cash off the table, even below the current price of kr57.80. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 2.4% of Orest Lastow's stake.

Over the last year, we can see that insiders have bought 6.95k shares worth kr354k. But they sold 20.00k shares for kr1.1m. 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 are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does Iconovo Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Iconovo insiders own 45% of the company, worth about kr210m. 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 Iconovo Tell Us?

The insider sales have outweighed the insider buying, at Iconovo, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing 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. For example - Iconovo has 3 warning signs we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, 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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