Potential DNB ASA (OB:DNB) shareholders may wish to note that the Group Chief Financial Officer, Ottar Ertzeid, recently bought kr1.8m worth of stock, paying kr121 for each share. Although the purchase only increased their holding by 6.2%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At DNB
In fact, the recent purchase by Ottar Ertzeid was the biggest purchase of DNB shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of kr126 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the DNB insiders decided to buy shares at close to current prices.
DNB insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does DNB 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. From our data, it seems that DNB insiders own 0.03% of the company, worth about kr64m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About DNB Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest DNB insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for DNB and we suggest you have a look.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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