Insider Buying: Freja eID Group Co-Founder & CFO Bought kr8.6m Of Shares

Freja eID Group AB (publ) (STO:FREJA) shareholders (or potential shareholders) will be happy to see that the Co-Founder & CFO, Jakub Missuna, recently bought a whopping kr8.6m worth of stock, at a price of kr3.75. While that only increased their holding size by -100%, it is still a big swing by our standards.

Check out our latest analysis for Freja eID Group

The Last 12 Months Of Insider Transactions At Freja eID Group

In fact, the recent purchase by Jakub Missuna was the biggest purchase of Freja eID Group 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 kr3.88. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Freja eID Group insiders decided to buy shares at close to current prices. Notably Jakub Missuna was also the biggest seller.

Over the last year, we can see that insiders have bought 2.30m shares worth kr8.6m. But insiders sold 1.14m shares worth kr4.3m. In the last twelve months there was more buying than selling by Freja eID Group insiders. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Freja eID Group Boast High 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. We usually like to see fairly high levels of insider ownership. Insiders own 7.9% of Freja eID Group shares, worth about kr5.8m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Freja eID Group Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Freja eID Group stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Freja eID Group is showing 4 warning signs in our investment analysis, and 3 of those are potentially serious...

But note: Freja eID Group 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. 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.