Awardit Insider Confidence Rewarded, Stock Hits kr746m Market Cap

Awardit AB (publ) (STO:AWRD) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 17%, resulting in a kr107m rise in the company's market capitalisation, translating to a gain of 21% on their initial investment. As a result, the stock they originally bought for kr1.16m is now worth kr1.41m.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Awardit

Awardit Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Olof Isberg bought kr708k worth of shares at a price of kr71.10 per share. Even though the purchase was made at a significantly lower price than the recent price (kr86.10), 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.

Happily, we note that in the last year insiders paid kr1.2m for 16.40k shares. But insiders sold 3.69k shares worth kr529k. In total, Awardit insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Awardit is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insiders At Awardit Have Bought Stock Recently

Over the last quarter, Awardit insiders have spent a meaningful amount on shares. In total, insiders bought kr1.2m worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.

Does Awardit Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Awardit insiders own about kr215m worth of shares. That equates to 29% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Awardit Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Awardit. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 4 warning signs for Awardit and we suggest you have a look.

But note: Awardit 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.