Founder of Upsales Technology Daniel Wikberg Buys 1.4% More Shares

Potential Upsales Technology AB (publ) (STO:UPSALE) shareholders may wish to note that the Founder, Daniel Wikberg, recently bought kr3.3m worth of stock, paying kr32.87 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.4%.

See our latest analysis for Upsales Technology

Upsales Technology Insider Transactions Over The Last Year

Notably, that recent purchase by Daniel Wikberg is the biggest insider purchase of Upsales Technology shares that we've seen in the last year. That implies that an insider found the current price of kr33.50 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Upsales Technology share holders is that insiders were buying at near the current price.

Upsales Technology insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Upsales Technology Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Upsales Technology insiders own 43% of the company, worth about kr241m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Upsales Technology Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Upsales Technology insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Upsales Technology. For example, Upsales Technology has 2 warning signs (and 1 which can't be ignored) we think you should know about.

But note: Upsales Technology 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 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.