Tom Erixon Bought 14% More Shares In Afry
Investors who take an interest in Afry AB (STO:AFRY) should definitely note that the Independent Chairman of the Board, Tom Erixon, recently paid kr101 per share to buy kr1.5m worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 14%.
Afry Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Chairman of the Board Tom Erixon was not the only time they bought Afry shares this year. They previously made an even bigger purchase of kr3.8m worth of shares at a price of kr153 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being kr103). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Afry insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around kr123. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Afry
Afry is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Afry 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. We usually like to see fairly high levels of insider ownership. Afry insiders own about kr264m worth of shares. That equates to 2.3% 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 Does This Data Suggest About Afry Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Afry. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Afry and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.