Trade Alert: Head of IT Integrity Of Asker Healthcare Group Mattias Jaran Has Sold Stock
We wouldn't blame Asker Healthcare Group AB (publ) (STO:ASKER) shareholders if they were a little worried about the fact that Mattias Jaran, the Head of IT Integrity recently netted about kr21m selling shares at an average price of kr82.90. That sale reduced their total holding by 33% which is hardly insignificant, but far from the worst we've seen.
Asker Healthcare Group Insider Transactions Over The Last Year
Notably, that recent sale by Mattias Jaran is the biggest insider sale of Asker Healthcare Group shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of kr79.50. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Over the last year we saw more insider selling of Asker Healthcare Group shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Asker Healthcare Group
I will like Asker Healthcare Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Asker Healthcare Group insiders own 4.2% of the company, currently worth about kr1.3b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Asker Healthcare Group Tell Us?
An insider hasn't bought Asker Healthcare Group stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Asker Healthcare Group is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Asker Healthcare Group. While conducting our analysis, we found that Asker Healthcare Group has 2 warning signs and it would be unwise to ignore them.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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.