Whilst it may not be a huge deal, we thought it was good to see that the Wifog Holding AB (publ) (STO:WIFOG) Chairman, Fredrik Crafoord, recently bought kr400k worth of stock, for kr0.008 per share. Even though that isn't a massive buy, it did increase their holding by 73%, which is a arguably a good sign.
Wifog Holding Insider Transactions Over The Last Year
Notably, that recent purchase by Fredrik Crafoord is the biggest insider purchase of Wifog Holding shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of kr0.011. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Wifog Holding is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Wifog Holding
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Wifog Holding insiders own about kr718k worth of shares (which is 13% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Wifog Holding Insider Transactions Indicate?
It is good to see the recent insider purchase. 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. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Wifog Holding stock. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
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.
If you spot an error that warrants correction, please contact the editor at email@example.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. Thank you for reading.