We wouldn’t blame Nobina AB (publ) (STO:NOBINA) shareholders if they were a little worried about the fact that Jan Bosaeus, the Deputy CEO & VP recently netted about kr7.9m selling shares at an average price of kr75.15. That sale reduced their total holding by 50% which is hardly insignificant, but far from the worst we’ve seen.
The Last 12 Months Of Insider Transactions At Nobina
In fact, the recent sale by Jan Bosaeus was the biggest sale of Nobina shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of kr75.00. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Happily, we note that in the last year insiders paid kr983k for 17.00k shares. On the other hand they divested 105000 shares, for kr7.9m. The chart below shows insider transactions (by 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!
I will like Nobina better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Nobina Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 1.1% of Nobina shares, worth about kr71m, according to our data. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!
So What Do The Nobina Insider Transactions Indicate?
An insider sold stock recently, but they haven’t been buying. And our longer term analysis of insider transactions didn’t bring confidence, either. While insiders do own shares, they don’t own a heap, and they have been selling. We’d think twice before buying! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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, but not derivative transactions.
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