tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Kongsberg Automotive CEO Increases Stake, Signaling Confidence in Company’s Future

Story Highlights
Kongsberg Automotive CEO Increases Stake, Signaling Confidence in Company’s Future

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Kongsberg Automotive Holding ASA ( (KGAUF) ) just unveiled an update.

Trond Fiskum, President & CEO of Kongsberg Automotive ASA, has increased his stake in the company by purchasing 400,000 shares, bringing his total ownership to 900,000 shares. This transaction, disclosed under EU and Norwegian regulations, signifies confidence in the company’s strategic direction and potential growth, potentially impacting stakeholder perceptions positively.

The most recent analyst rating on (KGAUF) stock is a Hold with a NOK1.55 price target. To see the full list of analyst forecasts on Kongsberg Automotive Holding ASA stock, see the KGAUF Stock Forecast page.

More about Kongsberg Automotive Holding ASA

Kongsberg Automotive provides advanced technology solutions to the global vehicle industry, focusing on sustainable mobility through engineering, sustainability, and innovation. Their product range includes driver and motion control systems, fluid assemblies, and industrial driver interface products.

Average Trading Volume: 2,645,383

Current Market Cap: NOK1.45B

For a thorough assessment of KGAUF stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1