Founder of Upsales Technology Daniel Wikberg Buys More Stock

Potential Upsales Technology AB (publ) (STO:UPSALE) shareholders may wish to note that the Founder, Daniel Wikberg, recently bought kr2.3m worth of stock, paying kr34.93 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

Check out 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 kr36.00 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Upsales Technology insider decided to buy shares at close to current prices. Daniel Wikberg was the only individual insider to buy shares in the last twelve months.

Daniel Wikberg bought 77.00k shares over the last 12 months at an average price of kr37.87. 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!

Upsales Technology is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Upsales Technology

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Upsales Technology insiders own 45% of the company, currently worth about kr271m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Upsales Technology Tell Us?

The recent insider purchase is heartening. 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 we think you should be aware of.

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.