This Insider Has Just Sold Shares In Zinzino
We wouldn't blame Zinzino AB (publ) (STO:ZZ B) shareholders if they were a little worried about the fact that Dag Pettersen, the Chief Executive Officer recently netted about kr14m selling shares at an average price of kr151. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 7.6%.
The Last 12 Months Of Insider Transactions At Zinzino
In fact, the recent sale by Dag Pettersen was the biggest sale of Zinzino shares made by an insider individual in the last twelve months, according to our records. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (kr140). So it may not shed much light on insider confidence at current levels.
Insiders in Zinzino didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Zinzino
I will like Zinzino better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Does Zinzino Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Zinzino insiders own 42% of the company, currently worth about kr2.3b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Zinzino Insiders?
An insider hasn't bought Zinzino stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But since Zinzino is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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.
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.