If you want to know who really controls Tobii AB (publ) (STO: TOBII), then you will need to look at the makeup of his share register. Insiders often own a large portion of younger and smaller companies, while larger companies tend to have institutions as shareholders. I generally like to see some degree of insider ownership, even if it’s just a little. As Nassim Nicholas Taleb said, “Don’t tell me what you think, tell me what you have in your wallet.
Tobii is not a big company by global standards. It has a market cap of SEK 6.5 billion, which means it wouldn’t get the attention of many institutional investors. Looking at our data on ownership groups (below), it appears that institutions own shares in the company. Let’s take a closer look at what different types of shareholders can tell us about Tobii.
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What does institutional ownership tell us about Tobii?
Many institutions measure their performance against an index that approximates the local market. Thus, they generally pay more attention to companies that are included in the major indices.
We can see that Tobii has institutional investors; and they own a large portion of the company’s stock. This suggests some credibility among professional investors. But we cannot rely on this fact alone because institutions sometimes make bad investments, like everyone else. When several institutions hold a stock, there is always a risk that they are in a “crowded trade”. When such a transaction goes awry, several parties may compete with each other to sell stocks quickly. This risk is higher in a company with no history of growth. You can see Tobii’s historical income and earnings below, but keep in mind that there is always more to tell.
Tobii is not owned by hedge funds. Swedbank Robur Fonder AB is currently the largest shareholder, with 9.0% of the shares outstanding. For context, the second largest shareholder owns around 8.3% of the outstanding shares, followed by 4.5% ownership by the third largest shareholder.
After digging a little deeper, we found that the top 20 own a combined 50% stake in the business, suggesting that no shareholder has significant control over the business.
Institutional ownership research is a good way to assess and filter the expected performance of a stock. The same can be achieved by studying the feelings of analysts. The title is covered by analysts, but it could become even more famous over time.
Tobii Insider Property
The definition of an insider may differ slightly from country to country, but board members still count. The management of the company manages the company, but the CEO will report to the board of directors, even if he is a member of the board.
Most view insider ownership as a positive, as it can indicate that the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
We can see that the insiders own shares in Tobii AB (publ). It has a market cap of just 6.5 billion Kroner, and insiders have shares worth 546 million Kroner in their own name. It shows at least some alignment. You can click here to see if these insiders have bought or sold.
General public property
With a 46% stake, the general public has some influence over Tobii. While this property size may not be enough to influence a policy decision in their favor, they can still have a collective impact on company policies.
While it is worth considering the different groups that own a business, there are other factors that are even more important.
I like to dive deeper on a company’s performance in the past. You can find the history of income and earnings in this detailed graphic.
But finally it’s the future, not the past, which will determine the success of the owners of this business. Therefore, we believe it is advisable to take a look at this free report showing whether analysts are predicting a better future.
NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
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