Trade Alert: The Chief Financial Officer Of Confidence International AB (publ.) (STO:CONF), Mikael Behm, Has Sold Some Shares Recently

By
Simply Wall St
Published
August 27, 2021
OM:LEVEL
Source: Shutterstock

Investors may wish to note that the Chief Financial Officer of Confidence International AB (publ.), Mikael Behm, recently netted kr404k from selling stock, receiving an average price of kr3.09. That might not be a huge sum but it was 100% of their personal holding, so we find it a little discouraging.

See our latest analysis for Confidence International AB (publ.)

The Last 12 Months Of Insider Transactions At Confidence International AB (publ.)

Over the last year, we can see that the biggest insider purchase was by insider Thomas Lundin for kr5.5m worth of shares, at about kr2.50 per share. Even though the purchase was made at a significantly lower price than the recent price (kr2.96), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

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!

insider-trading-volume
OM:CONF Insider Trading Volume August 28th 2021

Confidence International AB (publ.) is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Confidence International AB (publ.) insiders own about kr22m worth of shares (which is 14% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Confidence International AB (publ.) Insider Transactions Indicate?

An insider sold Confidence International AB (publ.) shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. And insiders do own shares. So we're not overly bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 4 warning signs for Confidence International AB (publ.) (3 don't sit too well with us) you should be aware of.

But note: Confidence International AB (publ.) 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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