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The Executive VP & Head of Asia Business of Telenor ASA (OB:TEL), Jørgen C. Rostrup, Just Bought 8.9% More Shares

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Whilst it may not be a huge deal, we thought it was good to see that the Telenor ASA (OB:TEL) Executive VP & Head of Asia Business, Jørgen C. Rostrup, recently bought kr294k worth of stock, for kr147 per share. Although the purchase is not a big one, increasing their shareholding by only 8.9%, it can be interpreted as a good sign.

Check out our latest analysis for Telenor

Telenor Insider Transactions Over The Last Year

In fact, the recent purchase by Jørgen C. Rostrup was the biggest purchase of Telenor 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 kr147. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Telenor insiders were buying shares, but not selling. 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!

OB:TEL Recent Insider Trading June 2nd 2020
OB:TEL Recent Insider Trading June 2nd 2020

Telenor is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Telenor 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. We usually like to see fairly high levels of insider ownership. Our data indicates that Telenor insiders own about kr85m worth of shares (which is 0.04% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Telenor Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Telenor shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Telenor. You'd be interested to know, that we found 3 warning signs for Telenor and we suggest you have a look.

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.

Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email 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. 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. Thank you for reading.