Founder of New Wave Group Torsten Jansson Buys 10% More Shares
New Wave Group AB (publ) (STO:NEWA B) shareholders (or potential shareholders) will be happy to see that the Founder, Torsten Jansson, recently bought a whopping kr30m worth of stock, at a price of kr86.64. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 10%.
The Last 12 Months Of Insider Transactions At New Wave Group
In fact, the recent purchase by Torsten Jansson was the biggest purchase of New Wave Group 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 kr88.75 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for New Wave Group share holders is that insiders were buying at near the current price.
While New Wave Group insiders bought shares during the last year, they didn't sell. 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!
Check out our latest analysis for New Wave Group
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of New Wave Group
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. New Wave Group insiders own 35% of the company, currently worth about kr4.1b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The New Wave Group Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about New Wave Group. Nice! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that New Wave Group has 2 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.
Of course New Wave Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.