Insider Buys Additional kr2.8m In Sinch Stock

Investors who take an interest in Sinch AB (publ) (STO:SINCH) should definitely note that the Chief Executive Officer, Laurinda Pang, recently paid kr27.80 per share to buy kr2.8m worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

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Sinch Insider Transactions Over The Last Year

The Chief Financial Officer Johnas Dahlberg made the biggest insider purchase in the last 12 months. That single transaction was for kr4.9m worth of shares at a price of kr24.26 each. We do like to see buying, but this purchase was made at well below the current price of kr28.87. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While Sinch insiders bought shares during the last year, they didn't sell. 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 Sinch

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

Does Sinch Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Sinch insiders own about kr556m worth of shares. That equates to 2.4% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Sinch Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Sinch. One for the watchlist, at least! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Sinch.

Of course Sinch 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 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.