Shareholders May Not Overlook Addnode Group Insiders Selling kr182m In Stock

Addnode Group AB (publ)'s (STO:ANOD B) stock rose 11% last week, but insiders who sold kr182m worth of stock over the last year are probably in a more advantageous position. Selling at an average price of kr121, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Addnode Group Insider Transactions Over The Last Year

The Chairman, Staffan Hanstorp, made the biggest insider sale in the last 12 months. That single transaction was for kr182m worth of shares at a price of kr121 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of kr103. So it may not tell us anything about how insiders feel about the current share price. Staffan Hanstorp was the only individual insider to sell shares in the last twelve months.

In the last twelve months insiders purchased 6.90k shares for kr677k. But they sold 1.50m shares for kr182m. 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!

Check out our latest analysis for Addnode Group

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Addnode Group Insiders Bought Stock Recently

There was some insider buying at Addnode Group over the last quarter. President Johan Andersson bought kr427k worth of shares in that time. We like it when there are only buyers, and no sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Addnode Group insiders own 3.7% of the company, worth about kr509m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Addnode Group Insiders?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The high levels of insider ownership, and the recent buying by an insider suggests they are well aligned and optimistic. Of course, the future is what matters most. So if you are interested in Addnode Group, you should check out this free report on analyst forecasts for the company.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 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.