Per-Anders Johansson is the director of TC TECH Sweden AB (publ) (STO: TCT) and they have just acquired 67% more shares
While it may not be a big deal, we thought it was good to see that TC TECH Sweden AB (publ) (STO: TCT) Director, Per-Anders Johansson, recently bought SEK 127,000 in shares for SEK 6.33 per share. Although not a massive purchase, it increased their holdings by 67%, which is undoubtedly a good sign.
See our latest analysis for TC TECH Sweden
TC TECH Sweden Insider transactions during the past year
It is noteworthy that the latest purchase of Per-Anders Johansson is the largest insider purchase of TC TECH Sweden shares that we have seen in the past year. This means that an insider is happy to buy shares above the current price of SEK 6.36. Their views may have changed since then, but at least it shows that they felt optimistic then. We always pay close attention to the price insiders pay when buying shares. In general, it catches our eye when an insider has bought shares at above current prices, as it indicates that they thought the shares were worth buying, even at a higher price. Per-Anders Johansson was the only individual insider who bought shares in the last twelve months.
Per-Anders Johansson has bought 38.00,000 shares during the past 12 months at an average price of SEK 6.78. You can see a visual depiction of insider transactions (of companies and individuals) during the last 12 months below. By clicking on the graph below, you can see the exact details of each insider transaction!
There are always plenty of stocks that insiders buy. So if it suits your style, you can check each layer one by one or you can take a look at it here free list of companies. (Hint: insiders have bought them).
Does TC TECH Sweden have high insider ownership?
Looking at the total shareholding of insiders in a company can help you inform yourself about whether they are well in line with ordinary shareholders. I think it is a good sign if insiders own a significant number of shares in the company. From our data, it seems that TC TECH Sweden insiders own 11% of the company, worth approximately SEK 13 million. However, we note that it is possible that insiders have an indirect interest through a private company or other company structure. Overall, this level of ownership is not that impressive, but it is really better than nothing!
So what does TC TECH Sweden’s insider transactions indicate?
The latest insider deal is encouraging. And the long-term insider transactions also give us confidence. But we do not feel the same way about the company making a loss. In combination with remarkable insider ownership, these factors indicate that TC TECH Sweden’s insiders are well adapted and that they may think that the share price is too low. So these insider transactions can help us build a dissertation on the stock, but it is also worth knowing the risks that this company faces. At Simply Wall St, we have discovered that TC TECH Sweden has 4 warning signs (1 is significant!) Which deserves your attention before proceeding with your analysis.
Obvious, You can find a great investment by looking elsewhere. So take a look at this free list of interesting companies.
In this article, insiders are the individuals who report their transactions to the relevant regulatory body. We currently report open market transactions and private transactions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst forecasts only using an impartial method and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any shares and does not take into account your goals or your financial situation. We strive to provide you with long-term focused analysis driven by basic data. Please note that our analysis may not take into account the latest price sensitive company announcements or qualitative material. Simply Wall St has no position in any of the shares mentioned.
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