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Orkla ASA ( (GB:0FIN) ) has shared an announcement.
Orkla disclosed that K9 Invest AS, a company related to EVP Finance and CFO Arve Regland, purchased 10,000 Orkla shares on the Oslo Stock Exchange at NOK 105.80 per share. Following this transaction, Regland and his related parties now hold a total of 110,000 Orkla shares, underscoring increased insider ownership.
The transaction highlights continued alignment between senior management and shareholders through a larger personal stake in the company. Such insider buying can be interpreted by the market as a sign of confidence in Orkla’s prospects, and the disclosure fulfills regulatory requirements under market abuse and Norwegian securities laws.
The most recent analyst rating on (GB:0FIN) stock is a Hold with a NOK130.00 price target. To see the full list of analyst forecasts on Orkla ASA stock, see the GB:0FIN Stock Forecast page.
More about Orkla ASA
Orkla ASA is a Norwegian branded consumer goods company with a broad portfolio of food, household and personal care products, primarily serving Nordic and European markets. The group is listed on the Oslo Stock Exchange and is a prominent player in the regional consumer staples sector, with a focus on long-term value creation for shareholders and other stakeholders.
Average Trading Volume: 1,401,884
Current Market Cap: NOK112.9B
Learn more about 0FIN stock on TipRanks’ Stock Analysis page.