Chief Executive Officer of Qliro Christoffer Rutgersson Buys 3.4% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Qliro AB (publ) (STO:QLIRO) Chief Executive Officer, Christoffer Rutgersson, recently bought kr492k worth of stock, for kr17.55 per share. Although the purchase is not a big one, increasing their shareholding by only 3.4%, it can be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Qliro
In fact, the recent purchase by Chief Executive Officer Christoffer Rutgersson was not their only acquisition of Qliro shares this year. Earlier in the year, they paid kr19.32 per share in a kr1.1m purchase. That means that even when the share price was higher than kr16.60 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Christoffer Rutgersson was the only individual insider to buy shares in the last twelve months. We note that Christoffer Rutgersson was also the biggest seller.
Christoffer Rutgersson bought 124.64k shares over the last 12 months at an average price of kr18.75. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Qliro
Qliro is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Qliro
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. From our data, it seems that Qliro insiders own 12% of the company, worth about kr71m. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Qliro Tell Us?
Insider sales and purchases have netted out over the last three months, so it's hard to draw any conclusion from recent trading. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Qliro and their transactions don't cause us concern. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Qliro.
But note: Qliro 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 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.