Anyone interested in Addnode Group AB (publ) (STO:ANOD B) should probably be aware that the President of Process Management Division, Andreas Wikholm, recently divested kr3.0m worth of shares in the company, at an average price of kr152 each. The eyebrow raising move amounted to a reduction of 33% in their holding.
Check out our latest analysis for Addnode Group
The Last 12 Months Of Insider Transactions At Addnode Group
Over the last year, we can see that the biggest insider sale was by the President of Design Management Division, Rolf Kjaernsli, for kr5.1m worth of shares, at about kr202 per share. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. It’s of some comfort that this sale was conducted at a price well above the current share price, which is kr161. So it may not shed much light on insider confidence at current levels.
In total, Addnode Group insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by 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 Addnode Group 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
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. It appears that Addnode Group insiders own 2.0% of the company, worth about kr109m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Addnode Group Tell Us?
The insider sales have outweighed the insider buying, at Addnode Group, in the last three months. Despite some insider buying, the longer term picture doesn’t make us feel much more positive. But since Addnode Group is profitable and growing, we’re not too worried by this. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. 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. Case in point: We’ve spotted 2 warning signs for Addnode Group you should be aware of.
Of course Addnode Group 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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