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Even if it's not a huge purchase, we think it was good to see that Jochem Garritsen, the Director of Sensys Gatso Group AB (publ) (STO:SENS) recently shelled out kr100k to buy stock, at kr1.28 per share. Even though that isn't a massive buy, it did increase their holding by 243%, which is a arguably a good sign.
Check out our latest analysis for Sensys Gatso Group
The Last 12 Months Of Insider Transactions At Sensys Gatso Group
Notably, that recent purchase by Director Jochem Garritsen was not the only time they bought Sensys Gatso Group shares this year. They previously made an even bigger purchase of kr100k worth of shares at a price of kr1.28 per share. That means that an insider was happy to buy shares at around the current price of kr1.37. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Sensys Gatso Group insider decided to buy shares at close to current prices. Jochem Garritsen was the only individual insider to buy over the year.
You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Sensys Gatso Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Sensys Gatso Group Boast High 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. We usually like to see fairly high levels of insider ownership. It appears that Sensys Gatso Group insiders own 8.8% of the company, worth about kr104m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Sensys Gatso Group Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Sensys Gatso Group insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! Of course, the future is what matters most. So if you are interested in Sensys Gatso Group, you should check out this free report on analyst forecasts for the company.