Jonas Sjogren Spends kr999k On Storytel Shares

Even if it's not a huge purchase, we think it was good to see that Jonas Sjogren, a Storytel AB (publ) (STO:STORY B) insider, recently shelled out kr999k to buy stock, at kr49.43 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for Storytel

The Last 12 Months Of Insider Transactions At Storytel

The Vice Chairman & Founder, Jonas Tellander, made the biggest insider sale in the last 12 months. That single transaction was for kr8.0m worth of shares at a price of kr40.21 each. That means that even when the share price was below the current price of kr52.75, an insider wanted to cash in some shares. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 4.1% of Jonas Tellander's holding. The only individual insider seller over the last year was Jonas Tellander.

Happily, we note that in the last year insiders paid kr1.3m for 27.81k shares. But they sold 200.00k shares for kr8.0m. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Storytel better if I see some big insider buys. While we wait, check out this free list of growing companies 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. It appears that Storytel insiders own 19% of the company, worth about kr793m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Storytel Tell Us?

It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The recent buying by an insider , along with high insider ownership, suggest that Storytel insiders are fairly aligned, and optimistic. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Storytel.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.