Insider Spends kr1.0m Buying More Shares In Synsam

Even if it's not a huge purchase, we think it was good to see that Peter Georg Törnquist, the Independent Chairman of the Board of Synsam AB (publ) (STO:SYNSAM) recently shelled out kr1.0m to buy stock, at kr39.44 per share. That purchase might not be huge but it did increase their holding by 45%.

Check out our latest analysis for Synsam

Synsam Insider Transactions Over The Last Year

Notably, that recent purchase by Peter Georg Törnquist is the biggest insider purchase of Synsam shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of kr43.25. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Synsam insiders decided to buy shares at close to current prices.

Synsam insiders may have bought shares in the last year, but they didn't sell any. Their average price was about kr45.04. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Synsam is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Synsam

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 Synsam insiders own 2.3% of the company, worth about kr145m. 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 Synsam Tell Us?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Synsam. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Synsam.

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.

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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.