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It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Biovica International AB (publ) (STO:BIOVIC B), you may well want to know whether insiders have been buying or selling.
Do Insider Transactions Matter?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'
Check out our latest analysis for Biovica International
The Last 12 Months Of Insider Transactions At Biovica International
While no particular insider transaction stood out, we can still look at the overall trading.
In the last twelve months insiders paid kr154k for 16534 shares purchased. Biovica International insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Biovica International is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Biovica International Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Biovica International insiders own 31% of the company, worth about kr85m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Biovica International Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Biovica International and their transactions don't cause us concern. Of course, the future is what matters most. So if you are interested in Biovica International, you should check out this free report on analyst forecasts for the company.