Director of InCoax Networks Picks Up 33% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the InCoax Networks AB (publ) (STO:INCOAX) Director, Tobias Lenner, recently bought kr756k worth of stock, for kr1.89 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 33%.

Check out our latest analysis for InCoax Networks

The Last 12 Months Of Insider Transactions At InCoax Networks

Notably, that recent purchase by Tobias Lenner is the biggest insider purchase of InCoax Networks shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of kr1.92. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for InCoax Networks share holders is that insiders were buying at near the current price.

While InCoax Networks insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

InCoax Networks 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 InCoax Networks Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. InCoax Networks insiders own about kr58m worth of shares. That equates to 28% 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 Does This Data Suggest About InCoax Networks Insiders?

It is good to see recent purchasing. 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. Given that insiders also own a fair bit of InCoax Networks we think they are probably pretty confident of a bright future. 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. You'd be interested to know, that we found 2 warning signs for InCoax Networks and we suggest you have a look.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.