Have MAG Interactive AB (publ) (STO:MAGI) Insiders Been Selling Their Stock?

We note that the MAG Interactive AB (publ) (STO:MAGI) Chief Financial Officer, Magnus Wiklander, recently sold kr443k worth of stock for kr41.52 per share. It wasn't a huge sale, but it did reduce their holding by 14%. This does not instill confidence.

Check out our latest analysis for MAG Interactive

The Last 12 Months Of Insider Transactions At MAG Interactive

Notably, that recent sale by Magnus Wiklander is the biggest insider sale of MAG Interactive shares that we've seen in the last year. That means that an insider was selling shares at around the current price of kr39.90. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

All up, insiders sold more shares in MAG Interactive 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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does MAG Interactive Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. MAG Interactive insiders own 45% of the company, currently worth about kr479m 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.

So What Do The MAG Interactive Insider Transactions Indicate?

An insider sold MAG Interactive shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. 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. Case in point: We've spotted 2 warning signs for MAG Interactive 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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