Insiders of Upsales Technology AB (publ) (STO: UPSALE) may have forecast weakness, sold for 37million kr of shares despite low prices
Despite the fact that the value of Upsales Technology AB (publ) (STO: UPSALE) has fallen 12% over the past week, insiders who have sold shares worth 37 million kroner in the past Last 12 months have been less successful. Insiders probably would have done better to hold onto their shares given that the average sale price of KKr 57.00 is still below the current share price.
While insider trading isn’t the most important thing when it comes to investing for the long term, we think it makes perfect sense to keep tabs on what insiders are doing.
See our latest review for Upsales Technology
Insider Transactions in Upsell Technology in the Past Year
The biggest insider sale over the past twelve months was when founder Daniel Wikberg sold Kroner 37 million at a price of Kroner 57.00 per share. So it is clear that an insider wanted to take money off the table, even below the current price of 89.60 kr. Generally, we find it disheartening when insiders sell below the current price, as it suggests they were happy with a lower valuation. However, while insider selling can be daunting at times, this is only a weak signal. This one-time sale only represented 6.6% of Daniel Wikberg’s stake. Daniel Wikberg has been the only individual insider selling in the past year.
The chart below shows insider trading (by companies and individuals) over the past year. If you click on the chart you can see all of the individual trades including the stock price, individual and date!
If you like to buy stocks that insiders buy rather than sell, then you might like this free list of companies. (Hint: insiders bought them).
Insider Ownership of Upsales Technology
Many investors like to check how well a company is owned by insiders. Strong insider ownership often makes company management more concerned with the interests of shareholders. Upsales Technology insiders own around 874 million crowns of stock (or 59% of the company). This type of large insider ownership usually increases the chances that the business will be run in the best interests of all shareholders.
So what does this data suggest about Upsales tech insiders?
There haven’t been any insider trading in the past three months – that doesn’t mean much. It is encouraging that insiders own a lot of stocks, but we would like to see more insider buying as the last year of insider trading Upsales Technology does not give us confidence. So these insider trading can help us build a stock thesis, but it’s also worth knowing the risks this business faces. At Simply Wall St, we found 1 warning sign for Upsales Technology that deserve your attention before buying stocks.
Sure Upselling tech might not be the best stock to buy. So you might want to see this free collection of high quality 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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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
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