This insider has just sold shares in TCECUR Sweden
Someone who is interested in TCECUR Sweden AB (publ) (NGM:TCC A) should probably be aware that CEO and CEO, Klas Zetterman, recently sold shares worth SEK 2.3 million in the company, at an average price of SEK 46.40 each. The eyebrow raise amounted to a 15% reduction in their holdings.
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The last 12 months of insider transactions on TCECUR Sweden
In fact, the recent sale by Klas Zetterman was the largest sale of TCECUR Sweden shares by an insider in the last twelve months, according to our records. This means that even when the share price was slightly below the current price of SEK 46.50, an insider wanted to exchange some shares. We generally consider it negative if insiders have sold, especially if they did so below the current price, as it suggests that they considered a lower price to be reasonable. But while insider selling is sometimes disappointing, it’s only a weak signal. Worth noting is that this sale was only 15% of Klas Zetterman’s holdings.
During the past year, TCECUR Sweden insiders did not buy any shares in the company. You can see the insider transactions (by companies and individuals) over the past year as shown in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, the individual and the date!
If you like buying stocks that insiders are buying, rather than selling, you might just love this free list of companies. (Hint: insiders have bought them).
Insider ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. High insider ownership often makes company management more aware of shareholders’ interests. Insiders own 6.1% of the shares in TCECUR Sweden, worth approximately SEK 27 million, according to our information. However, it is possible that insiders may have an indirect interest through a more complex structure. Overall, this level of ownership isn’t all that impressive, but it’s certainly better than nothing!
So what does this data suggest about TCECUR Sweden Insiders?
An insider sold shares recently, but they haven’t bought. Looking at the last twelve months, our data shows no insider buying. On the plus side, TCECUR Sweden makes money and increases profits. While insiders own shares, they do not own a pile, and they have sold. We would be careful before we buy! In addition to knowing about insider transactions in progress, it is beneficial to identify the risks that TCECUR Sweden is facing. Example: We have discovered 2 warning signs for TCECUR Sweden you should be aware of.
If you prefer to check out another company – one with potentially superior financials – then don’t miss this one free list of interesting companies, which have a HIGH return on equity and low debt.
In this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently report open market transactions and private dispositions, but not derivative transactions.
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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 by 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 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 fundamental data. Note that our analysis may not take into account recent price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.