COMPANY RESEARCH
Cambi ASA
CAMBI.OL · Oslo Børs · Norway · Industrials · Pollution & Treatment Controls
Insider Signal
Snapshot: 05 Nov 2026 · 180-day research window
- Insider Signal
- 55.4 / 100 Research score, not a buy recommendation
- Reported buyers
- 1 180-day scoring window
- Net purchases
- 94.6k EUR 180 days · purchases less sales
- Latest disclosure
- 2026-11-04 Publication date
- Vibecke Hverven accounts for 100% of comparable reported purchase value; buyer breadth and value are different measures.
Price vs insider buying
CAMBI.OL · NOK● Purchase × Sale ◇ Public disclosure ▥ 15-day cluster ·
Circles and crosses mark trade dates; diamonds below the axis mark later public disclosures. The trade became public on its disclosure date. Prices are nearest-session closes, not insider execution prices. Marker sizes are not compared when values or currencies differ.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (large purchases, bought in the last two weeks); share price and trading, short sellers, company results were checked and none crosses a bear threshold. No data is held for: company actions.
- The insider purchases themselvesBulllarge purchases, bought in the last two weeks Bearone buyer only3 checked, under the threshold · 3 missing
- Share price and tradingBearthinly traded2 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results1 checked, under the threshold · 1 missing
- Company actionsno data held
Bull case · the buying is informative
- Insider purchases in the last 20 sessions equal 5.1% of everything traded in the stock over those sessions.
- The latest purchase is 1 day old (2026-11-04). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Only one insider bought. A single purchase can reflect that person's own finances rather than a view on the company.Record: after 4,900 earlier disclosures like this, the median 60-session excess return was −3.0%, within 1 percentage point of all comparable disclosures (−3.4%).
- Share price and tradingAbout €92k of the stock changes hands on an average day, below this site's €500k screening line. A position is hard to enter or leave at the quoted price.
Evidence still missing
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- Only one reading of profitability is held (profit margin 6.5%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. The one purchase line does not mention a plan, but a bare “Kjøp” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 7
- Either1 insider bought in the last 180 days and 0 in the 180 days before. Bull when the number at least doubles and rises by two; bear when at least two bought before and no more buy now.
- Bear0 of 1 buyer filed as a person closely associated with a manager. Counted for the bear side from half.
- BearNo insider sale is recorded in the same 180 days.
- BearThe share price changed +11% over six months (three months +8.6%, one month +0.42%) and stands 3.2% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed +8.6% and the median of 635 Industrials companies changed −2.1%: ahead by 11 points. Counted for the bear side from 20 points behind.
- BearThe register of Finanstilsynet shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.
- BearProfit margin on the latest captured figures is 6.5%. Counted for the bear side when negative.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Who is trading?
Named filings in 180 days. Purchase values are summed only when complete and in one currency.
| Insider | Transaction activity | Purchase value | Latest trade | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vibecke HvervenBoard member | 1 buy · 0 sell | 987.0k NOK | 2026-11-04 | View transactions · 1
|
INSIDER SIGNAL
1 insiders · 1 purchase events · €95k net purchases
Europe #426 · Norway #24
WHY THIS SIGNAL?
Score anatomy
Each bar is that part's points in the score; the five parts add up to the score.
How many different insiders bought within 15 days
The value bought, net of any insider sales
Lower in the company scores higher: in the backtest, purchases by the most senior insiders did worse
How long ago the latest purchase took place
Lower when insiders also sold
What is holding the score back?
- ⚠ Few buyers · fewer than 4 different insiders
- ⚠ Buyers' roles add little · most senior buyer: Board member; the most senior score lowest
- ✓ Recent buying · latest purchase 2026-11-04
Buyers' roles follow the European ranking's order of roles: the most senior insiders score lowest.
Buying concentration
Largest buyer:Vibecke Hverven · 987k NOK
Purchases counted, before sales:987k NOK
The amount at the top of the page is purchases minus sales; this one counts purchases only, in the filing currency, so the two can differ. The score counts how many people bought; this shows separately who bought the most.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Vibecke Hverven | 23.5 NOK | Nov 4, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 1 distinct reported filers
- Peak time window
- 2026-11-04 to 2026-11-04
- Current breadth input
- 0.300 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Latest purchase counted
Vibecke Hverven · 987k NOK · Price 23.5 NOK · Nov 4, 2026
Filing and data quality
These checks are auditable context; they do not change the rank or score.
- Identity match
- PASS · issuer
- Ticker / ISIN
- Ticker or ISIN missing
- Filing source links
- 1 / 1
- Median disclosure lag
- 0 days
- Latest disclosure age
- 1 days at snapshot
- Corrections / revisions
- 0
- Score-factor detail
- Saved
Insider timeline
One insider bought, once (4 Nov). The share closed at 23.90 that day and at 23.90 most recently (+0.0%).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.
Blue line: this share's price, +11.2% over these six months
The closing price of each day, from 21.50 on 2026-05-11 to 23.90 on 2026-11-04. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, −2.9%
Taken from the 107 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share +11.2%, the typical one −2.9%, 14.1 points ahead. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases.
This company: insiders buying per month, last 12 months
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Vibecke Hverven | Board member | 1 | — | 987.0k NOK | 2026-11-04 | +0.0% | fewer than 5 completed |
Insiders' buying price vs the latest close
Insiders paid 23.50 NOK a share on average (1 purchase line, 1 buyer, 2026-11-04 – 2026-11-04). The close on 2026-11-04 was 1.7% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.
Buying size vs market trading
5.14% · of estimated traded value in the same period
2026-10-08 – 2026-11-04 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 987,000 NOK
- Estimated market traded value
- 19,184,547 NOK
Market-data coverage: 501 verified sessions · Latest session: 2026-11-04 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Nov 04 · Vibecke Hverven · Board Director987,000 NOK · 89.48%1,103,018 NOK ADTV
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Sector context
- Buying breadth
- 10.0% (106 / 1,055 issuers)
- Sector rank
- #2 / 12
- 7D breadth change
- +0.7 pp · vs 2026-10-29 (7d)
- 30D breadth change
- +0.3 pp · vs 2026-10-06 (30d)
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − Oslo Bors Benchmark return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 39.9%
- Beta
- 0.73
- Avg daily volume
- NOK 1.1M
- 20-session drawdown
- -4.7%
- 60-session drawdown
- -9.8%
- Latest volume / prior median
- 5.2×
VALUATION
- Market cap
- NOK 3.8B
- Market cap (EUR ref.)
- €366.5M
- P/E
- 68.3×
FUNDAMENTALS
- Revenue
- —
- Net income
- —
- Operating profit
- —
- Equity
- —
- Cash
- —
- Debt
- —
- Operating cash flow
- —
- Free cash flow
- —
- Profit margin
- 6.5%
- ROE
- 13.2%
- Industry
- Pollution & Treatment Controls
Prices to 06 Nov 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 05 Nov 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. ECB EUR reference rate dated 2026-11-05; it is not a trade-date conversion. It does not affect the insider score or rank.
Disclosed net short positions
The Finanstilsynet register, read 06 Nov 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Latest news
No news has been captured for this company.
Regulatory filings
- Insider filing announcement · published 2026-11-04 · trade date 2026-11-04
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
1 qualifying purchase disclosure(s) · 1 transaction line(s)
Showing 1 of 1 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
The underlying filing feed is unavailable in this snapshot; this is not a claim that no filings exist.
Follow new disclosures
Subscribe to new Europe disclosures. These are market-wide RSS feeds, not company-specific alerts.
Model & Sources
Signal history
Latest recorded score
- Recorded snapshots
- 2
- First snapshot
- 2026-11-04
There is not yet a 30-calendar-day comparison; earlier scores are not reconstructed. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Less than 30 days of comparable history is available, so factor movement is not yet decomposed.
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 56.1
- 55.4
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-11-04 | 56.1 |
| 2026-11-05 | 55.4 |
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 0.300 | 10.5 |
| Qualified-buy size | 25% | 0.743 | 18.6 |
| Role informativeness (inverted) | 20% | 0.350 | 7.0 |
| Recency | 10% | 0.933 | 9.3 |
| Buy/sell conviction | 10% | 1.000 | 10.0 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
Snapshot & identity
- Snapshot date
- 2026-11-05
- Ticker
- CAMBI.OL
- ISIN
- —
- Sector
- Industrials
- Industry
- Pollution & Treatment Controls