This Insider Has Just Sold Shares In Paynova AB (NGM:PAY)

We'd be surprised if Paynova AB (NGM:PAY) shareholders haven't noticed that the Chairman of the Board & President, Daniel Ekberger, recently sold kr2.4m worth of stock at kr15.00 per share. On the bright side, that sale was only 0.6% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for Paynova

Paynova Insider Transactions Over The Last Year

Notably, that recent sale by Daniel Ekberger is the biggest insider sale of Paynova shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of kr14.40. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

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!

I will like Paynova better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Paynova Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Paynova insiders own 17% of the company, worth about kr32m. 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 Paynova Tell Us?

An insider sold Paynova shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 6 warning signs (2 make us uncomfortable!) that you ought to be aware of before buying any shares in Paynova.

Of course Paynova may not be the best stock to buy. So you may wish to see this free collection of high quality 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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