Chief Executive Officer Jacob Tveraabak Just Bought Shares In StrongPoint ASA (OB:STRONG)
Even if it's not a huge purchase, we think it was good to see that Jacob Tveraabak, the Chief Executive Officer of StrongPoint ASA (OB:STRONG) recently shelled out kr328k to buy stock, at kr12.29 per share. That purchase might not be huge but it did increase their holding by 47%.
Check out our latest analysis for StrongPoint
The Last 12 Months Of Insider Transactions At StrongPoint
In fact, the recent purchase by Jacob Tveraabak was the biggest purchase of StrongPoint 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 kr13.30 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the StrongPoint insiders decided to buy shares at close to current prices.
In the last twelve months StrongPoint insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
StrongPoint is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does StrongPoint Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that StrongPoint insiders own 13% of the company, worth about kr76m. But they may have an indirect interest through a corporate structure that we haven't picked up on. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At StrongPoint Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest StrongPoint insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for StrongPoint.
But note: StrongPoint 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.
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. Thank you for reading.
