Snapshot date: 2026-10-18 · Built: 2026-10-19T15:05:26+00:00 · Publication status: PASS

COMPANY RESEARCH

EnviTec Biogas AG

ETG.DE · Germany · Utilities · Utilities—Renewable

INSIDER SIGNAL

Insider activity score：55.3 / 100

1 insiders · 2 purchase events · €188k net purchases

Europe #440 · Germany #56

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+19.7 / 25

Purchase value relative to company size and liquidity

Role+13.0 / 20

The seniority and relevance of participating insiders

Recency+8.1 / 10

How recently the purchases occurred

Conviction+10.0 / 10

How clearly buying stands out from other activity

What is holding the score back?

⚠ Buyer breadth is moderate · fewer than 4 distinct filers
⚠ Insider role contributes less on the current role scale
✓ Recent activity · latest purchase 2026-10-14

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

BUYING PROFILE

2 events · 1 insiders · 180d

Cluster 0%Repeat 100%Independent 0%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

100%

Largest buyer：Olaf von Lehmden · 188k EUR
Gross qualified purchase transaction-line value：188k EUR

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)

Filer	Price per unit	Trade date
Olaf von Lehmden	17.06565 EUR	Oct 14, 2026
Olaf von Lehmden	15.468309 EUR	Oct 13, 2026

Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count): 1 distinct reported filers
Peak time window: 2026-10-13 to 2026-10-14
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

🟢 Recent eligible purchase
Olaf von Lehmden · 62k EUR · Price 17.06565 EUR · Oct 14, 2026
🟢 PDMR purchase
Olaf von Lehmden · 125k EUR · Price 15.468309 EUR · Oct 13, 2026

Insider vs stock price

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

Daily close (EUR)Day with an insider purchase

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

One insider bought, 2 times, the latest (14 Oct). The share closed at 17.20 that day and at 17.05 most recently (−0.9%).

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. None of this company's filings in the window states an amount, so every dot is the same size.

Blue line: this share's price, −30.4% over these six months

The closing price of each day, from 24.50 on 2026-04-21 to 17.05 on 2026-10-16. 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, −5.3%

Taken from the 88 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 −30.4%, the typical one −5.3%, 25.1 points behind. 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

May

Jun

Jul

Aug

Sep

1Oct

Darker bars are inside the 180-day window above.

Who traded

Insider	Role	Purchases	Sales	Bought	First purchase	Share price since	Earlier purchases
Olaf von Lehmden	Management board	2	—	—	2026-10-13	−1.4%	fewer than 5 completed

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%	0.787	19.7
Role informativeness (inverted)	20%	0.350	7.0
Recency	10%	0.812	8.1
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.

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

The two kinds of evidence disagree: the purchases themselves carry bull lines (large purchases, bought in the last two weeks), while share price and trading argue against (price down over six months). No data is held for: company actions.

The insider purchases themselvesBulllarge purchases, bought in the last two weeks Bearone buyer only2 checked, under the threshold · 3 missing
Share price and tradingBearprice down over six months, thinly traded1 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 16% of everything traded in the stock over those sessions.
The latest purchase is 3 days old (2026-10-14). 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 4,732 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−3.3%).
Share price and tradingThe share price is down 31% over six months (three months −8.6%, one month +7.2%) and stands 40% below its 52-week high. Insiders have bought into a fall the market has not reversed.Record (nearest stored case: price 20% or more below its prior 52-week high): after 11,077 earlier disclosures like this, the median 60-session excess return was −3.2%, within 1 percentage point of all comparable disclosures (−2.6%).
Share price and tradingAbout €60k 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 3.2%). 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. None of the 2 purchase lines mentions a plan, but a bare “Kauf” 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: 5

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.
BearNo insider sale is recorded in the same 180 days.
BearOver three months the share price changed −8.6% and the median of 54 Utilities companies changed −3.6%: behind by 5 points. Counted for the bear side from 20 points behind.
BearThe register of Bundesanzeiger 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 3.2%. 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.

Signal history

55.3 / 100

Latest recorded score

↓ -0.6 ptssince the first recorded snapshot on 2026-10-16; 2 calendar days observed

Recorded snapshots: 2
First snapshot: 2026-10-16

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

Oct 16, 202655.9
Oct 18, 202655.3

View all recorded scores

Snapshot date	Signal score
2026-10-16	55.9
2026-10-18	55.3

Sector context

Utilities

Buying breadth: 12.5% (12 / 96 issuers)
Sector rank: #1 / 12
7D breadth change: -0.4 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.

Excess return = stock return − DAX 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.

Olaf von LehmdenManagement Board Member (Vorstand) · Initial notification

First purchase in 12M

2/2

Large purchase ≥ €100k

0/2

Cluster buying · 15D

0/2

Buying the dip · ≥20% below prior 52W high

2/2

Routine / opportunistic

Not classifiable

Market context

PRICE PERFORMANCE

+7.2%

-8.6%

-30.7%

12M

-9.3%

VOLATILITY & LIQUIDITY

Volatility: 55.3%
Beta: 0.28
Avg daily volume: €36,282.4

VALUATION

Market cap: €253.2M
P/E: 12.4×

FUNDAMENTALS

Profit margin: 3.2%
ROE: 6.0%
Industry: Utilities - Renewable

Prices to 18 Oct 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 16 Oct 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.

Disclosed net short positions

The Bundesanzeiger 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

Insiders paid 15.96 EUR a share on average (2 purchase lines, 1 buyer, 2026-10-13 – 2026-10-14). The close on 2026-10-16 was 6.8% above that price.

The latest purchase (2026-10-14) was at 17.07 EUR; the close was 0.1% below that price.

Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.

Buying size vs market trading

15.75% · of estimated traded value in the same period

2026-09-21 – 2026-10-16 · 20 recorded trading sessions

Disclosed qualifying purchases: 187,773 EUR
Estimated market traded value: 1,192,433 EUR

Market-data coverage: 507 verified sessions · Latest session: 2026-10-16 · Ratio status: Available

Recent and largest purchase events / preceding 60-session ADTV

Oct 14 · Olaf von Lehmden · Vorstand b) Erstmeldung
62,341 EUR · 172.33%
36,176 EUR ADTV
Oct 13 · Olaf von Lehmden · Vorstand b) Erstmeldung
125,433 EUR · 429.20%
29,225 EUR 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.

Latest news

No news has been captured for this company.

Regulatory filings

Insider filing announcement · published 2026-10-16 · trade date 2026-10-14
Insider filing announcement · published 2026-10-16 · trade date 2026-10-13

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

2 qualifying purchase disclosure(s) · 2 transaction line(s)

Oct 14, 2026Kauf

Olaf von Lehmden · Vorstand b) Erstmeldung

Aktie · 3653 shares × 17,065650 EUR · 62.340,82 EUR

Open filing

Oct 13, 2026Kauf