Independent Vice Chairman of the Board of Smart Eye Picks Up 38% More Stock

Investors who take an interest in Smart Eye AB (publ) (STO:SEYE) should definitely note that the Independent Vice Chairman of the Board, Lars Olofsson, recently paid kr108 per share to buy kr2.3m worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 38%.

View our latest analysis for Smart Eye

Smart Eye Insider Transactions Over The Last Year

Notably, that recent purchase by Lars Olofsson is the biggest insider purchase of Smart Eye 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 kr110. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Lars Olofsson was the only individual insider to buy shares in the last twelve months. Notably Lars Olofsson was also the biggest seller.

Lars Olofsson bought a total of 49.98k shares over the year at an average price of kr81.56. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Smart Eye 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 Smart Eye 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. We usually like to see fairly high levels of insider ownership. Smart Eye insiders own about kr576m worth of shares. That equates to 14% 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 Do The Smart Eye 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. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Smart Eye. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Smart Eye. Be aware that Smart Eye is showing 3 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

Of course Smart Eye may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.