Anyone interested in it Iconovo AB (publ) (STO: ICO) should probably be aware that the CTO, co-founder and director of Orest Lastow, recently sold shares in the company valued at 1.1 million kr at an average price of 55.00 kr each. On the upside, this sale was only 2.4% of their stake, so we doubt that it is very significant on its own.
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The last 12 months of insider trading at Iconovo
In fact, the most recent sale of Orest Lastow was, according to our records, the largest sale of Iconovo shares that an insider person has made in the past twelve months. So it’s clear that an insider wanted to take some money off the table, even below the current price of 57.80 kr. When an insider sells below the current price, it indicates that they consider that lower price to be fair. That makes us wonder what you think of the (higher) recent rating. While insider selling is not a positive sign, we cannot be sure if insiders believe the stocks are fully valued, so this is only a weak sign. This single sale was only 2.4% of Orest Lastow’s stake.
Last year we saw that insiders bought 6.95,000 shares worth 354,000 kr. But they sold 20,000 shares for 1.1 million kr. The following table shows the insider transactions (by companies and individuals) over the past year. If you want to know exactly who sold for how much and when, just click on the graphic below!
OM: ICO Insider Trading Volume February 20, 2021
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Does Iconovo have a high level of insider ownership?
Many investors like to examine how much of a company is owned by insiders. A high level of insider participation often makes company management more aware of the interests of shareholders. It is great to see that Iconovo insiders own 45% of the company, valued at around 210 million kr. This type of significant insider involvement generally increases the likelihood that the company will be run in the best interests of all shareholders.
What could Iconovo’s insider deals tell us?
Insider Selling has outweighed Insider Buying at Iconovo in the past three months. Despite some inside buying, we don’t feel much more positive due to the longer-term picture. The company has a high level of inside exposure, but we’re a little hesitant given the history of the share sales. We would like to know what is wrong with the insider’s property and transactions, but we should also consider the risks a stock is exposed to before making any investment decision. For example – Iconovo has 3 warning signs We think you should be aware of this.
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For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently consider open market transactions and private sales, but not derivative transactions.
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