The Chairman of the Board of Atea ASA (OB:ATEA), Ib Kunøe, Just Bought 0.1% More Shares
Investors who take an interest in Atea ASA (OB:ATEA) should definitely note that the Chairman of the Board, Ib Kunøe, recently paid kr112 per share to buy kr4.5m worth of the stock. Although the purchase only increased their holding by 0.1%, it is still a solid purchase in our view.
See our latest analysis for Atea
Atea Insider Transactions Over The Last Year
In fact, the recent purchase by Ib Kunøe was the biggest purchase of Atea shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is kr113. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. Ib Kunøe was the only individual insider to buy shares in the last twelve months.
Ib Kunøe bought 65.00k shares over the last 12 months at an average price of kr114. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Atea 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Atea insiders own 25% of the company, worth about kr3.1b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Atea 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. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Atea. Nice! Of course, the future is what matters most. So if you are interested in Atea, you should check out this free report on analyst forecasts for the company.
But note: Atea 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
