Stock Trading Canary

Snapshot date: 2026-10-18 · Built: 2026-10-19T15:17:21+00:00 · Publication status: PASS

← Europe ranking · 中文

COMPANY RESEARCH

Zalaris ASA

ZAL.OL · Norway · Industrials · Staffing & Employment Services

INSIDER SIGNAL

Insider activity score:42.7 / 100

2 insiders · 19 purchase events · €439k net purchases

Europe #1014 · Norway #71

WHY THIS SIGNAL?

Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+10.5 / 35

How many distinct insiders bought in the cluster

Purchase size+21.1 / 25

Purchase value relative to company size and liquidity

Role+20.0 / 20

The seniority and relevance of participating insiders

Recency+2.9 / 10

How recently the purchases occurred

Conviction+8.3 / 10

How clearly buying stands out from other activity

What is holding the score back?

  • ⚠ Buyer breadth is moderate · fewer than 4 distinct filers
  • ⚠ Purchase activity is becoming less recent
  • ✓ Strong insider role · ceo/chair involved

The role contribution uses the inverted role input of the current European model.

BUYING PROFILE

19 events · 2 insiders · 180d

Cluster 0%Repeat 95%Independent 5%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

100%

Largest buyer:Fredrik Gyllenhammar Raaum · 5.88m NOK
Gross qualified purchase transaction-line value:5.91m NOK

The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.

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)

FilerPrice per unitTrade date
Fredrik Gyllenhammar Raaum100 NOKSep 29, 2026
Fredrik Gyllenhammar Raaum100 NOKSep 28, 2026
Fredrik Gyllenhammar Raaum100 NOKAug 27, 2026
Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count)
1 distinct reported filers
Peak time window
2026-05-22 to 2026-05-22
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

Insider vs stock price

19 purchase day(s), 20 purchase line(s) in the 180-day window. 2 sale day(s), 2 sale line(s).

Daily close (NOK)Day with an insider purchaseDay with an insider sale
95100105110May 2026JunJulAugSepOct2026-05-22 · 1 purchase line(s) · 1 insider(s) · close since that day +5.8%2026-06-05 · 1 sale line(s) · close since that day +4.5%2026-06-08 · 1 sale line(s) · close since that day +3.5%2026-08-17 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-08-18 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-08-19 · 1 purchase line(s) · 1 insider(s) · close since that day +4.0%2026-08-20 · 1 purchase line(s) · 1 insider(s) · close since that day +4.0%2026-08-21 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-08-25 · 1 purchase line(s) · 1 insider(s) · close since that day +4.0%2026-08-26 · 1 purchase line(s) · 1 insider(s) · close since that day +4.0%2026-08-27 · 1 purchase line(s) · 1 insider(s) · close since that day +4.0%2026-08-28 · 1 purchase line(s) · 1 insider(s) · close since that day +2.5%2026-09-01 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-09-08 · 2 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-09-14 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-09-15 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-09-16 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-09-17 · 1 purchase line(s) · 1 insider(s) · close since that day +3.5%2026-09-21 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-09-28 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%2026-09-29 · 1 purchase line(s) · 1 insider(s) · close since that day +4.5%104.50last close09 Oct

Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.

Insider timeline

2 insiders bought in the last 180 days, 1 of them more than once.

Fredrik Gyllenhammar RaaumFredrik Gyllenhammar RaaumchairCEO / chairGunnar ManumGunnar ManumRole not classifiedUnknown insiderUnknown insiderCHRORole not classified2026-06-05 · Unknown insider · sale · 325,000 NOK2026-06-08 · Unknown insider · sale · 920,000 NOK2026-05-22 · Gunnar Manum · purchase · 25,443 NOK2026-08-17 · Fredrik Gyllenhammar Raaum · purchase · 305,320 NOK2026-08-18 · Fredrik Gyllenhammar Raaum · purchase · 233,695 NOK2026-08-19 · Fredrik Gyllenhammar Raaum · purchase · 158,900 NOK2026-08-20 · Fredrik Gyllenhammar Raaum · purchase · 55,900 NOK2026-08-22 · Fredrik Gyllenhammar Raaum · purchase · 66,700 NOK2026-08-25 · Fredrik Gyllenhammar Raaum · purchase · 162,100 NOK2026-08-26 · Fredrik Gyllenhammar Raaum · purchase · 24,200 NOK2026-08-27 · Fredrik Gyllenhammar Raaum · purchase · 4,496,500 NOK2026-08-29 · Fredrik Gyllenhammar Raaum · purchase · 113,900 NOK2026-09-01 · Fredrik Gyllenhammar Raaum · purchase · 500 NOK2026-09-08 · Fredrik Gyllenhammar Raaum · purchase · 70,400 NOK2026-09-14 · Fredrik Gyllenhammar Raaum · purchase · 5,500 NOK2026-09-15 · Fredrik Gyllenhammar Raaum · purchase · 53,100 NOK2026-09-16 · Fredrik Gyllenhammar Raaum · purchase · 37,100 NOK2026-09-17 · Fredrik Gyllenhammar Raaum · purchase · 76,300 NOK2026-09-21 · Fredrik Gyllenhammar Raaum · purchase · 3,000 NOK2026-09-28 · Fredrik Gyllenhammar Raaum · purchase · 200 NOK2026-09-29 · Fredrik Gyllenhammar Raaum · purchase · 17,700 NOK2026-04-20 to 2026-04-26: 136 companies2026-04-27 to 2026-05-03: 203 companies2026-05-04 to 2026-05-10: 241 companies2026-05-11 to 2026-05-17: 211 companies2026-05-18 to 2026-05-24: 244 companies2026-05-25 to 2026-05-31: 237 companies2026-06-01 to 2026-06-07: 243 companies2026-06-08 to 2026-06-14: 237 companies2026-06-15 to 2026-06-21: 211 companies2026-06-22 to 2026-06-28: 185 companies2026-06-29 to 2026-07-05: 192 companies2026-07-06 to 2026-07-12: 160 companies2026-07-13 to 2026-07-19: 181 companies2026-07-20 to 2026-07-26: 167 companies2026-07-27 to 2026-08-02: 160 companies2026-08-03 to 2026-08-09: 152 companies2026-08-10 to 2026-08-16: 164 companies2026-08-17 to 2026-08-23: 194 companies2026-08-24 to 2026-08-30: 182 companies2026-08-31 to 2026-09-06: 188 companies2026-09-07 to 2026-09-13: 178 companies2026-09-14 to 2026-09-20: 173 companies2026-09-21 to 2026-09-27: 179 companies2026-09-28 to 2026-10-04: 183 companies2026-10-05 to 2026-10-11: 166 companies2026-10-12 to 2026-10-18: 138 companiesCompanies disclosing purchases, per weekMayJunJulAugSepOct

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.

×A sale

A cross is one insider's sales on one day. People sell to pay tax, to cash in share awards or to hold less of one company, so a sale says less than a purchase does. When someone bought and sold on the same day, the cross sits beside the dot. The totals are under “Purchases against sales” below.

Blue line: this share's price, +5.8% over these six months

The closing price of each day, from 98.80 on 2026-04-21 to 104.50 on 2026-10-09. 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, −7.9%

Taken from the 100 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 +5.8%, the typical one −7.9%, 13.7 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

Nov
Dec
Jan
Feb
Mar
Apr
1May
Jun
Jul
1Aug
1Sep
Oct

Darker bars are inside the 180-day window above.

Who traded

InsiderRolePurchasesSalesBoughtFirst purchaseShare price sinceEarlier purchases
Fredrik Gyllenhammar RaaumCEO / chair18—5.9M NOK2026-08-17+4.5%fewer than 5 completed
Gunnar ManumRole not classified1—25.4k NOK2026-05-22+5.8%fewer than 5 completed
Unknown insiderRole not classified—2———fewer than 5 completed

Purchases against sales

83%purchases
Purchases83%5.9M NOK · 20 line(s) · 2 insider(s)
Sales17%1.2M NOK · 2 line(s) · 0 insider(s)

Shares of the reported value of insider transactions in the 180-day window. Sales include disposals for tax, at option exercise or under a pre-set plan, which say little about an insider's view. The split describes what was disclosed; it is not a signal.

Why this score? · Model details

Priority = 100 × Σ(fixed weight × 0–1 rule-based input)

FactorWeightThis company inputPoint contribution
15-day buyer breadth (count)35%0.30010.5
Qualified-buy size25%0.84221.1
Role informativeness (inverted)20%0.0000.0
Recency10%0.2872.9
Buy/sell conviction10%0.8268.3

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.

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.

Since 2026-10-13: no longer on the bull side: large purchases, bought in the last two weeks; no longer on the bear side: thinly traded. 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 (more buyers than usual here, senior executive buying); share price and trading, short sellers were checked and none crosses a bear threshold. No data is held for: company results, company actions.

  • The insider purchases themselvesBullmore buyers than usual here, senior executive buying Bearvalue concentrated in one buyer5 checked, under the threshold · 4 missing
  • Share price and trading2 checked, under the threshold
  • Short sellers1 checked, under the threshold
  • Company results2 missing
  • Company actionsno data held

Bull case · the buying is informative

  • No insider bought in the 180 days before this window; 2 have bought in it. The buying is new for this company, not a habit.Record: after 3,134 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
  • The buyers include the CEO or chair, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,797 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).

Bear case · discount it

  • Fredrik Gyllenhammar Raaum accounts for 100% of the value bought. The other 1 buyer adds names more than money.Record: after 3,396 earlier disclosures like this, the median 60-session excess return was −3.4%, within 1 percentage point of all comparable disclosures (−3.5%).

Evidence still missing

  • The latest purchase (2026-09-29) falls within 30 days before the next scheduled results (2026-10-23), normally a closed period. Either the dealing was cleared as an exception or the results date is wrong; the filing and the financial calendar show which.
  • No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
  • The company's market value is not captured, so the purchases cannot be stated as a share of the business or of its trading volume.
  • No earnings, margin or cash-flow figures are captured for this company. The latest annual and interim reports are where to check whether the business is improving or deteriorating.
  • European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 20 purchase lines mentions 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: 8, 1 close to it
  • BearInsiders sold €117k in the same 180 days, 21% of the amount bought. Counted for the bear side from 25%. close to the threshold
  • BullAt most 1 insider bought within any 15 days. Counted for the bull side from 3.
  • Bear0 of 2 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
  • EitherNet purchases of €439k in 180 days. Bull from €1.0M, bear when all purchases total under €25k.
  • EitherThe latest purchase is 18 days old. Bull up to 14 days, bear from 90.
  • BearThe share price changed +6.0% over six months (three months +8.9%, one month +4.0%) and stands 14% below its 52-week high. Counted for the bear side from a fall of 20%.
  • BearOver three months the share price changed +8.9% and the median of 462 Industrials companies changed −0.32%: ahead by 9 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.

Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.

Signal history

42.7 / 100

Latest recorded score

↓ -3.6 ptsversus the comparable snapshot on 2026-09-14 (34 calendar days apart)
Recorded snapshots
33
First snapshot
2026-08-28

Only scores captured when the scoring run completed are compared. 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?

Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.

  • Purchase size+0.1 pts
  • Recency-3.7 pts
  • Conviction+0.1 pts

Signal score history

Fixed 0–100 scale; dates are spaced by calendar time.

02550751002026-08-28 · 49.42026-08-31 · 48.82026-09-01 · 48.32026-09-02 · 49.52026-09-03 · 48.92026-09-04 · 47.82026-09-07 · 46.22026-09-08 · 49.72026-09-09 · 49.02026-09-10 · 48.42026-09-11 · 47.82026-09-14 · 46.32026-09-23 · 48.52026-09-24 · 47.92026-09-25 · 47.42026-09-28 · 49.82026-09-29 · 49.82026-09-30 · 49.12026-10-01 · 48.52026-10-02 · 47.92026-10-03 · 47.92026-10-04 · 47.92026-10-05 · 46.42026-10-06 · 45.92026-10-07 · 45.52026-10-08 · 45.22026-10-09 · 44.82026-10-12 · 43.92026-10-13 · 43.62026-10-14 · 43.42026-10-15 · 43.12026-10-16 · 42.92026-10-18 · 42.7Aug 28Sep 09Sep 29Oct 07Oct 18

Recent recorded points

  1. 49.4
  2. 49.0
  3. 49.8
  4. 45.5
  5. 42.7
View all recorded scores
Snapshot dateSignal score
2026-08-2849.4
2026-08-3148.8
2026-09-0148.3
2026-09-0249.5
2026-09-0348.9
2026-09-0447.8
2026-09-0746.2
2026-09-0849.7
2026-09-0949.0
2026-09-1048.4
2026-09-1147.8
2026-09-1446.3
2026-09-2348.5
2026-09-2447.9
2026-09-2547.4
2026-09-2849.8
2026-09-2949.8
2026-09-3049.1
2026-10-0148.5
2026-10-0247.9
2026-10-0347.9
2026-10-0447.9
2026-10-0546.4
2026-10-0645.9
2026-10-0745.5
2026-10-0845.2
2026-10-0944.8
2026-10-1243.9
2026-10-1343.6
2026-10-1443.4
2026-10-1543.1
2026-10-1642.9
2026-10-1842.7

Sector context

Industrials

Buying breadth
7.5% (79 / 1,047 issuers)
Sector rank
#8 / 12
7D breadth change
-0.3 pp · vs 2026-10-12 (6d)
30D breadth change
History building

This is sector-level research context. It does not affect the Insider Signal or ranking.

View Europe sector research →

Insider profile outcomes

Historical performance following insider filings. The company role is translated below each name while preserving the original title.

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.

Fredrik Gyllenhammar Raaumchair16 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D19Developing evidence100.0% (19/19)57.9% (11/19)+0.1%+1.3%-1.2%
20D16Developing evidence100.0% (16/16)43.8% (7/16)-0.6%+7.0%-2.6%
60D0No dataAwaiting maturity————
120D0No dataAwaiting maturity————
First purchase in 12M
1/19
Large purchase ≥ €100k
1/19
Cluster buying · 15D
0/19
Buying the dip · ≥20% below prior 52W high
0/19
Routine / opportunistic
Not classifiable
Gunnar ManumRole not provided3 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D3Small sample100.0% (3/3)33.3% (1/3)-0.6%-0.2%-2.0%
20D3Small sample100.0% (3/3)100.0% (3/3)+5.5%+8.4%+4.8%
60D3Small sample100.0% (3/3)66.7% (2/3)+19.6%+12.8%-1.1%
120D2Small sample100.0% (2/2)0.0% (0/2)-14.6%-14.6%-17.1%
First purchase in 12M
1/3
Large purchase ≥ €100k
0/1
Cluster buying · 15D
0/3
Buying the dip · ≥20% below prior 52W high
0/3
Routine / opportunistic
Not classifiable

Market context

PRICE PERFORMANCE

1M
+4.0%
3M
+8.9%
6M
+6.0%
12M
+22.4%

VOLATILITY & LIQUIDITY

Volatility
41.3%
Beta
—
Avg daily volume
NOK 216,313.3

VALUATION

Market cap
—
P/E
—

FUNDAMENTALS

Profit margin
—
ROE
—
Industry
—

Prices to 11 Oct 2026: OpenBB/yfinance; volume from price cache (yfinance). It does not affect the insider score or rank.

Disclosed net short positions

The Finanstilsynet register, read 18 Oct 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.

Insiders' buying price vs the latest close

The latest close in the price history is more than a week old.

Buying size vs market trading

Market history is too old for this snapshot; ratios are withheld.

Market-data coverage: 501 verified sessions · Latest session: 2026-10-09 · Ratio status: Unavailable

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.

Latest news

No news has been captured for this company.

Regulatory filings

Unfold all 22 filings

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

20 qualifying purchase disclosure(s) · 20 transaction line(s)

Sep 29, 2026Kjøp
Fredrik Gyllenhammar Raaum · chair
Aksje · 177 shares × 100 NOK · —
Open filing
Sep 28, 2026Kjøp
Fredrik Gyllenhammar Raaum · chair
Aksje · 2 shares × 100 NOK · —
Open filing
Sep 21, 2026Kjøp
Fredrik Gyllenhammar Raaum · chair
Aksje · 30 shares × 100 NOK · —
Open filing
Unfold all 17 remaining filing row(s)
Transaction datePublishedFilerRoleTransactionInstrumentPrice (local currency)Quote currencyVolumeReported value (local currency)Source
2026-09-172026-09-17Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK763—Open filing
2026-09-162026-09-16Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK371—Open filing
2026-09-152026-09-15Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK531—Open filing
2026-09-142026-09-14Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK55—Open filing
2026-09-082026-09-08Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK698—Open filing
2026-09-082026-09-08Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK6—Open filing
2026-09-012026-09-01Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK5—Open filing
2026-08-292026-08-29Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK1139—Open filing
2026-08-272026-08-27Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK44965—Open filing
2026-08-262026-08-26Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK242—Open filing
2026-08-252026-08-25Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK1621—Open filing
2026-08-222026-08-22Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK667—Open filing
2026-08-202026-08-20Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK559—Open filing
2026-08-192026-08-19Fredrik Gyllenhammar RaaumchairKjøpAksje100 NOKNOK1589—Open filing
2026-08-182026-08-18Fredrik Gyllenhammar RaaumchairKjøpAksje99.9979 NOKNOK2337—Open filing
2026-08-172026-08-17Fredrik Gyllenhammar RaaumchairKjøpAksje99.9084 NOKNOK3056—Open filing
2026-05-222026-05-22Gunnar Manum—KjøpAksje99 NOKNOK257—Open filing

Showing 20 of 20 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

View 2 other transaction(s)

Jun 8, 2026Salg
— · CHRO
Aksje · 9200 shares × 100 NOK · 920000 NOK
Open filing
Jun 5, 2026Salg
— · —
Aksje · 3250 shares × 100 NOK · 325000 NOK
Open filing

Showing 2 of 2 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.

Snapshot & identity

Snapshot date
2026-10-18
Ticker
ZAL.OL
ISIN
—
Sector
Industrials
Industry
Staffing & Employment Services

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The image states the stored facts and the snapshot date. It is not a recommendation.