Hemnet Group Chief Communications Officer Jessica Sjoberg Sells 34% Of Holding

We wouldn't blame Hemnet Group AB (publ) (STO:HEM) shareholders if they were a little worried about the fact that Jessica Sjoberg, the Chief Communications Officer recently netted about kr16m selling shares at an average price of kr404. That's a big disposal, and it decreased their holding size by 34%, which is notable but not too bad.

View our latest analysis for Hemnet Group

Hemnet Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Cecilia Beck-Friis, sold kr22m worth of shares at a price of kr294 per share. That means that an insider was selling shares at slightly below the current price (kr419). 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. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 9.2% of Cecilia Beck-Friis's holding.

In the last twelve months insiders purchased 1.95k shares for kr564k. But they sold 142.00k shares for kr47m. In total, Hemnet Group insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Hemnet Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Hemnet Group insiders own about kr845m worth of shares. That equates to 2.1% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Hemnet Group 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 Hemnet Group is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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. You'd be interested to know, that we found 1 warning sign for Hemnet Group and we suggest you have a look.

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 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.