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Hans Enocson Just Bought Shares In Unibap AB (publ) (STO:UNIBAP)

Simply Wall St

Even if it's not a huge purchase, we think it was good to see that Hans Enocson, a Unibap AB (publ) (STO:UNIBAP) insider, recently shelled out kr185k to buy stock, at kr33.63 per share. While that isn't the hugest buy, it actually boosted their shareholding by 98%, which is good to see.

View our latest analysis for Unibap

Unibap Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Head of Marketing and Business Development, Robert Nyberg, sold kr583k worth of shares at a price of kr25.90 per share. That means that even when the share price was below the current price of kr33.50, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 100% of Robert Nyberg's stake. The only individual insider seller over the last year was Robert Nyberg.

Robert Nyberg sold a total of 29166 shares over the year at an average price of kr24.62. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

OM:UNIBAP Recent Insider Trading, October 12th 2019

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Does Unibap 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 24% of Unibap shares, worth about kr58m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Unibap Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. However, the longer term transactions are not so encouraging. The more recent transactions are a positive, but Unibap insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. In short they are likely aligned with shareholders. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.

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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 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. Thank you for reading.