Whilst it may not be a huge deal, we thought it was good to see that the SpareBank 1 Telemark (OB:SBTE) Chief Financial Officer, Roar Snippen, recently bought kr101k worth of stock, for kr116 per share. That purchase might not be huge but it did increase their holding by 22%.
The Last 12 Months Of Insider Transactions At SpareBank 1 Telemark
While no particular insider transaction stood out, we can still look at the overall trading.
While SpareBank 1 Telemark insiders bought shares last year, they didn't sell. 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!
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 SpareBank 1 Telemark Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests SpareBank 1 Telemark insiders own 2.4% of the company, worth about kr30m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
So What Does This Data Suggest About SpareBank 1 Telemark Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in SpareBank 1 Telemark shares, given these transactions (along with notable insider ownership of the company). 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. At Simply Wall St, we found 3 warning signs for SpareBank 1 Telemark that deserve your attention before buying any shares.
But note: SpareBank 1 Telemark 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 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.
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