Potential Aqua Bio Technology ASA (OB:ABT) shareholders may wish to note that the Interim Chief Executive Officer, Espen Kvale, recently bought kr1.1m worth of stock, paying kr2.15 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
Aqua Bio Technology Insider Transactions Over The Last Year
In fact, the recent purchase by Espen Kvale was the biggest purchase of Aqua Bio Technology shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of kr2.46 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Aqua Bio Technology insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 950.00k shares for kr2.0m. On the other hand they divested 475000 shares, for kr1.0m. Overall, Aqua Bio Technology insiders were net buyers during the last year. 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!
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 Aqua Bio Technology 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. Aqua Bio Technology insiders own 46% of the company, currently worth about kr17m based on the recent share price. 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 Aqua Bio Technology Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Aqua Bio Technology. Nice! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 6 warning signs for Aqua Bio Technology you should be aware of, and 4 of these are a bit unpleasant.
Of course Aqua Bio Technology may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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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.