While it might not be huge, we thought it was good to see that the Teqnion AB (publ) (STO: TEQ) Chief Financial Officer and Investor Relations Susanna Helgesen recently bought shares worth SEK 257,000, for SEK 135 per share. While this wasn’t the biggest buy, it actually increased their stake by 51%, which is good to see.
Check out our latest analysis for Teqnion
Teqnion insider trading in the past year
In fact, Susanna Helgesen’s recent purchase was the largest purchase of Teqnion shares by an insider in the past twelve months, according to our records. So it is clear that an insider wanted to buy, roughly at the current price, which is 140 kr. While their opinion may have changed since the purchase, it at least suggests that they have confidence in the future of the business. If someone is buying stocks at prices well below current prices, that’s a good sign overall, but keep in mind that they may no longer see value. In this case, we are happy to report that the insider bought shares at prices close to current prices. Susanna Helgesen was the only initiate to buy in the past year.
You can see insider trading (by companies and individuals) over the past year represented in the graph below. If you want to know exactly who sold, for how much and when, just click on the graph below!
There are many other companies in which insiders buy shares. You probably do not want to miss it free list of growing companies that insiders buy.
Insider property of Teqnion
Another way to test the alignment between a company’s executives and other shareholders is to look at how many shares they own. I think it’s a good sign if the insiders own a significant number of shares in the company. Teqnion insiders own around 615 million crowns of shares. This equates to 27% of the business. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
So what do Teqnion’s insider trading indicate?
It’s certainly positive to see the recent insider buy. We also trust the longer term picture of insider trading. Once you factor in the high number of Insider Owners, it sure looks like insiders are positive about Teqnion. One for the watchlist, at least! So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. Concrete example: we have spotted 1 warning sign for Teqnion you must be aware.
Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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