Even if it's not a huge purchase, we think it was good to see that Per Haraldsson, a Byggmax Group AB (publ) (STO:BMAX) insider, recently shelled out kr390k to buy stock, at kr29.50 per share. That purchase might not be huge but it did increase their holding by 11%.
The Last 12 Months Of Insider Transactions At Byggmax Group
Over the last year, we can see that the biggest insider purchase was by Chief Executive Officer of Skã¥Nska Byggvaror Division Oscar Tjärnberg for kr626k worth of shares, at about kr31.39 per share. That means that even when the share price was higher than kr28.74 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Byggmax Group insiders may have bought shares in the last year, but they didn't sell any. 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!
Byggmax Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Byggmax Group insiders have about 1.6% of the stock, worth approximately kr28m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Byggmax Group Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Byggmax Group insiders are well aligned, and that they may think the share price is too low. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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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