Founder of Flexion Mobile Jens Lauritzson Buys 43% More Shares
Even if it's not a huge purchase, we think it was good to see that Jens Lauritzson, the Founder of Flexion Mobile Plc (STO:FLEXM) recently shelled out kr517k to buy stock, at kr2.96 per share. That purchase might not be huge but it did increase their holding by 43%.
The Last 12 Months Of Insider Transactions At Flexion Mobile
In fact, the recent purchase by Jens Lauritzson was the biggest purchase of Flexion Mobile 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 kr2.90. 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. In our view, the price an insider pays for shares is very important. 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. Jens Lauritzson was the only individual insider to buy during the last year.
Jens Lauritzson purchased 195.00k shares over the year. The average price per share was kr3.09. 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!
See our latest analysis for Flexion Mobile
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
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From looking at our data, insiders own kr8.1m worth of Flexion Mobile stock, about 4.9% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.
What Might The Insider Transactions At Flexion Mobile Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Flexion Mobile insiders are reasonably well aligned, and optimistic for the future. 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. For example, Flexion Mobile has 3 warning signs (and 1 which can't be ignored) we think you should know about.
But note: Flexion Mobile 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.