Vow Chief Financial Officer Acquires 24% More Stock
Potential Vow ASA (OB:VOW) shareholders may wish to note that the Chief Financial Officer, Cecilie Margrethe Hekneby, recently bought kr1.2m worth of stock, paying kr1.86 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 24%.
The Last 12 Months Of Insider Transactions At Vow
In the last twelve months, the biggest single sale by an insider was when the COO & Deputy CEO of Vow group, Jonny Hansen, sold kr7.9m worth of shares at a price of kr3.06 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is kr2.14. So it may not shed much light on insider confidence at current levels.
Over the last year, we can see that insiders have bought 1.47m shares worth kr2.7m. But they sold 8.10m shares for kr23m. In total, Vow insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Vow
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Vow
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Vow insiders own about kr43m worth of shares (which is 7.0% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Vow Insiders?
It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but Vow insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. In short they are likely aligned with shareholders. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Vow. At Simply Wall St, we've found that Vow has 4 warning signs (3 are a bit unpleasant!) that deserve your attention before going any further with your analysis.
Of course Vow 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.