Chairman of the Board Joachim Samuelsson Just Bought Shares In Crunchfish AB (publ) (STO:CFISH)
Whilst it may not be a huge deal, we thought it was good to see that the Crunchfish AB (publ) (STO:CFISH) Chairman of the Board, Joachim Samuelsson, recently bought kr722k worth of stock, for kr15.86 per share. However, we do note that it only increased their holding by 1.0%, and it wasn't a huge purchase by absolute value, either.
View our latest analysis for Crunchfish
Crunchfish Insider Transactions Over The Last Year
Notably, that recent purchase by Chairman of the Board Joachim Samuelsson was not the only time they bought Crunchfish shares this year. They previously made an even bigger purchase of kr2.4m worth of shares at a price of kr15.12 per share. So it's clear an insider wanted to buy, at around the current price, which is kr18.40. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. Joachim Samuelsson was the only individual insider to buy shares in the last twelve months.
Joachim Samuelsson bought a total of 341.52k shares over the year at an average price of kr15.60. 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!
Crunchfish is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Crunchfish insiders own about kr106m worth of shares. That equates to 22% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Crunchfish Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Crunchfish insiders are well aligned, and quite possibly think the share price is too low. Nice! I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
But note: Crunchfish 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.
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.
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