Jakob Just-Bomholt Bought 20% More Shares In Elekta
Elekta AB (publ) (STO:EKTA B) shareholders (or potential shareholders) will be happy to see that the CEO & President, Jakob Just-Bomholt, recently bought a whopping kr9.9m worth of stock, at a price of kr49.49. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 20%.
Elekta Insider Transactions Over The Last Year
Notably, that recent purchase by Jakob Just-Bomholt is the biggest insider purchase of Elekta shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of kr51.75. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Elekta 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Elekta
Elekta is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Elekta Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Elekta insiders own 17% of the company, currently worth about kr3.6b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Elekta Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Elekta. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Elekta. For example - Elekta has 2 warning signs we think you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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.