Trade Alert: The Deputy CEO & CFO Of Gränges AB (publ) (STO:GRNG), Oskar Hellstrom, Has Just Spent kr733k Buying 41% More Shares

By
Simply Wall St
Published
March 22, 2022
OM:GRNG
Source: Shutterstock

Whilst it may not be a huge deal, we thought it was good to see that the Gränges AB (publ) (STO:GRNG) Deputy CEO & CFO, Oskar Hellstrom, recently bought kr733k worth of stock, for kr84.23 per share. That purchase might not be huge but it did increase their holding by 41%.

Check out our latest analysis for Gränges

Gränges Insider Transactions Over The Last Year

Notably, that recent purchase by Oskar Hellstrom is the biggest insider purchase of Gränges shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is kr88.85. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Gränges insiders decided to buy shares at close to current prices.

While Gränges insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
OM:GRNG Insider Trading Volume March 22nd 2022

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Gränges

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Gränges insiders have about 0.2% of the stock, worth approximately kr18m. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About Gränges Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Gränges we think they are probably pretty confident of a bright future. 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 - Gränges has 4 warning signs we think you should be aware of.

But note: Gränges 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.

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