Johan Andersson, CEO of IT consultancy Addnodes, has purchased 13,200 B-shares in the company for a total of SEK 425,300.
The transaction was executed on Nasdaq Stockholm at a price of SEK 32.22 per share, according to a report by Dagens Industri.
The buy-in comes as the stock faces downward pressure, with the headline describing the move as occurring during a "course fall." Executive purchases of this magnitude are often interpreted by the market as a signal of internal confidence in the company's valuation and future prospects, particularly when shares are trading at lower levels.
Addnodes operates in the IT consulting sector, providing software development and digital transformation services.
The company's shares have been subject to volatility, and insider activity is closely watched by investors as a barometer for management sentiment.
The purchase adds to the volume of shares held by the CEO, aligning his financial interests with those of other shareholders.