While it might not be huge, we thought it was good to see that the Hexatronic Group AB (released) (STO: HTRO) Tomas Jendel, Chief Technology Officer, recently bought shares worth 248,000 crowns, for 460 crowns per share. Still, it only increased their stake by a tiny percentage, and it wasn’t a massive buy in absolute terms, either.
See our latest review for Hexatronic Group
Hexatronic Group Insider Transactions in the Last Year
In fact, the recent purchase by Tomas Jendel was the largest purchase of shares in the Hexatronic Group by an insider in the past twelve months, according to our records. This implies that an insider found the current price of Kroner 468 per share attractive. This means that they have been optimistic about the company in the past, even though they may have changed their minds. While we still love to see insider buys, it makes less sense if the buys were made at much lower prices, as the opportunity they saw may have passed. Fortunately, the insider of the Hexatronic group has decided to buy shares at prices close to current prices. Tomas Jendel was the only individual insider to buy shares in the past twelve months.
The chart below shows insider trading (by businesses and individuals) over the past year. By clicking on the graph below, you can see the exact detail of each insider trade!
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 are buying.
I like to watch how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. I think it’s a good sign if the insiders own a significant number of shares in the company. Insiders of the Hexatronic Group own 12% of the company, with a current value of around SEK 2.3 billion based on the recent share price. Most shareholders would be happy to see this type of insider ownership, as it suggests that management’s incentives are well aligned with those of other shareholders.
So what do the Hexatronic Group’s insider trading indicate?
It’s certainly positive to see the recent insider buy. And the analysis of last year’s transactions also gives us confidence. Once you factor in the high number of Insider Owners, it sure looks like insiders are positive about the Hexatronic Group. This is what I love to see! So these insider trading can help us build a thesis about the stock, but it’s also worth knowing the risks this business faces. For example, we have identified 3 warning signs for the Hexatronic group (1 cannot be ignored) 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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