This Insider Has Just Sold Shares In Upsales Technology AB (publ) (STO:UPSALE)

We wouldn't blame Upsales Technology AB (publ) (STO:UPSALE) shareholders if they were a little worried about the fact that Daniel Wikberg, the Founder & CEO recently netted about kr37m selling shares at an average price of kr57.00. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 6.6%.

Check out our latest analysis for Upsales Technology

The Last 12 Months Of Insider Transactions At Upsales Technology

Notably, that recent sale by Daniel Wikberg is the biggest insider sale of Upsales Technology shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (kr64.80). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 6.6% of Daniel Wikberg's holding.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love 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. Upsales Technology insiders own about kr669m worth of shares (which is 62% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Upsales Technology Insiders?

An insider sold Upsales Technology shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Upsales Technology makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Upsales Technology you should know about.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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