Whilst it may not be a huge deal, we thought it was good to see that the LeoVegas AB (publ) (STO:LEO) Chief Financial Officer, Stefan Nelson, recently bought €297k worth of stock, for €29.73 per share. While that isn't the hugest buy, it actually boosted their shareholding by 125%, which is good to see.
LeoVegas Insider Transactions Over The Last Year
The Co-Founder & Director, Robin Ramm-Ericson, made the biggest insider sale in the last 12 months. That single transaction was for kr59m worth of shares at a price of kr35.32 each. That means that an insider was selling shares at around the current price of kr30.78. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. The only individual insider seller over the last year was Robin Ramm-Ericson.
Happily, we note that in the last year insiders paid kr4.1m for 113200 shares. But they sold 1700000 for kr59m. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I will like LeoVegas better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership of LeoVegas
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. LeoVegas insiders own about kr591m worth of shares. That equates to 19% of the company. 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 LeoVegas Insider Transactions Indicate?
It is good to see recent purchasing. But we can't say the same for the transactions over the last 12 months. The recent buying by some insiders , along with high insider ownership, suggest that LeoVegas insiders are fairly aligned, and optimistic. Of course, the future is what matters most. So if you are interested in LeoVegas, you should check out this free report on analyst forecasts for the company.
But note: LeoVegas 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.
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 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. Thank you for reading.