Chief Technology Officer of Absolent Air Care Group Picks Up 18,225% More Stock

Even if it's not a huge purchase, we think it was good to see that Robert Wiktoren, the Chief Technology Officer of Absolent Air Care Group AB (publ) (STO:ABSO) recently shelled out kr480k to buy stock, at kr220 per share. Even though that isn't a massive buy, it did increase their holding by 18,225%, which is arguably a good sign.

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Absolent Air Care Group Insider Transactions Over The Last Year

In fact, the recent purchase by Robert Wiktoren was the biggest purchase of Absolent Air Care Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of kr215. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. 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.

While Absolent Air Care Group insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Absolent Air Care Group

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Absolent Air Care Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Absolent Air Care Group insiders own about kr307m worth of shares. That equates to 13% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Absolent Air Care Group Insider Transactions Indicate?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Absolent Air Care Group. Looks promising! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Absolent Air Care Group.

Of course Absolent Air Care 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.