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It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Probi AB (publ) (STO:PROB), 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.
We don't think shareholders should simply follow insider transactions. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'
See our latest analysis for Probi
Probi Insider Transactions Over The Last Year
While no particular insider transaction stood out, we can still look at the overall trading.
Happily, we note that in the last year insiders bought 1150 shares for a total of kr421k. In the last twelve months Probi insiders were buying shares, but not selling. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Probi
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From looking at our data, insiders own kr36m worth of Probi stock, about 1.1% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About Probi Insiders?
It doesn't really mean much that no insider has traded Probi shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Probi and their transactions don't cause us concern. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Probi.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.