Trade Alert: Group President Of Modern Times Group MTG Maria Redin Has Sold Stock

Some Modern Times Group MTG AB (STO:MTG B) shareholders may be a little concerned to see that the Group President, Maria Redin, recently sold a substantial kr64m worth of stock at a price of kr115 per share. That sale reduced their total holding by 44% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Modern Times Group MTG

Modern Times Group MTG Insider Transactions Over The Last Year

Notably, that recent sale by Maria Redin is the biggest insider sale of Modern Times Group MTG shares that we've seen in the last year. That means that even when the share price was below the current price of kr121, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower 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. This single sale was just 44% of Maria Redin's stake.

Over the last year, we can see that insiders have bought 3.75k shares worth kr355k. But insiders sold 607.49k shares worth kr69m. All up, insiders sold more shares in Modern Times Group MTG than they bought, 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!

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own kr12m worth of Modern Times Group MTG stock, about 0.08% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.

So What Does This Data Suggest About Modern Times Group MTG Insiders?

Unfortunately, there has been more insider selling of Modern Times Group MTG stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Modern Times Group MTG. While conducting our analysis, we found that Modern Times Group MTG has 1 warning sign and it would be unwise to ignore this.

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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.