CEO & Director David Mindus Just Bought 1.9% More Shares In AB Sagax (publ) (STO:SAGA A)

AB Sagax (publ) (STO:SAGA A) shareholders (or potential shareholders) will be happy to see that the CEO & Director, David Mindus, recently bought a whopping kr34m worth of stock, at a price of kr169. While that only increased their holding size by 1.9%, it is still a big swing by our standards.

Check out our latest analysis for AB Sagax

The Last 12 Months Of Insider Transactions At AB Sagax

In fact, the recent purchase by David Mindus was the biggest purchase of AB Sagax shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is kr180. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for AB Sagax share holders is that an insider was buying at near the current price. David Mindus was the only individual insider to buy during 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!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of AB Sagax

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that AB Sagax insiders own 30% of the company, worth about kr18b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The AB Sagax Insider Transactions Indicate?

The recent insider purchase is 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 AB Sagax. That's what I like to see! 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 4 warning signs for AB Sagax you should be aware of, and 2 of these are a bit unpleasant.

But note: AB Sagax 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, 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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