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

COMPANY RESEARCH

flatexDEGIRO SE

FTK.DE · Germany · Financial Services · Capital Markets

INSIDER SIGNAL

Insider activity score：52.6 / 100

3 insiders · 6 purchase events · €162k net purchases

Europe #520 · Germany #65

WHY THIS SIGNAL?

Score anatomy

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

Cluster+21.0 / 35

How many distinct insiders bought in the cluster

Purchase size+19.4 / 25

Purchase value relative to company size and liquidity

Role+20.0 / 20

The seniority and relevance of participating insiders

Recency+2.2 / 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
⚠ 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

6 events · 3 insiders · 180d

Cluster 33%Repeat 67%Independent 0%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

63%

Largest buyer：Oliver Behrens · 102k EUR
Gross qualified purchase transaction-line value：162k 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
Evgeni Kaplun	28.68 EUR	Sep 25, 2026
Benon Janos	29.94 EUR	Sep 25, 2026
Oliver Behrens	32.82–32.92 EUR	May 28, 2026

Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count): 2 distinct reported filers
Peak time window: 2026-09-25 to 2026-09-25
Current breadth input: 0.600 (capped at 4+ buyers)
Buyer independence: Not yet measured; related-party fields are not cross-market comparable

What the filings show

🟢 Recent eligible purchase
Evgeni Kaplun · 50k EUR · Price 28.68 EUR · Sep 25, 2026
🟢 Eligible purchase
Benon Janos · 10k EUR · Price 29.94 EUR · Sep 25, 2026
🟢 PDMR purchase
Oliver Behrens · 33k EUR · Price 32.82–32.92 EUR · May 28, 2026
🟡 4 remaining qualified transaction line(s) across 4 disclosure(s)

Insider vs stock price

5 purchase day(s), 8 purchase line(s) in the 180-day window.

Daily close (EUR)Day with an insider purchaseTwo or more insiders the same day

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.

If you had followed the purchase

Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.

Amount put in (EUR)

Made public	Insiders	In this stock, now	In the median peer stock, now	Difference
2026-05-28	1	775 −22.5%	927 −7.3%	−152 −15.2 pts
2026-05-29	1	761 −23.9%	912 −8.8%	−151 −15.1 pts
2026-06-10	1	775 −22.5%	959 −4.1%	−184 −18.4 pts
2026-06-16	1	682 −31.8%	935 −6.5%	−253 −25.3 pts
2026-09-25	1	883 −11.7%	996 −0.4%	−113 −11.3 pts
2026-09-28	1	879 −12.1%	996 −0.4%	−116 −11.6 pts

0 of 6 disclosure day(s) ended ahead of the median peer stock.

Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (89 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.

Insider timeline

2 insiders bought on the same day, 25 Sep: 1 CEO / chair, 1 Executive. The share closed at 28.90 that day and at 25.52 most recently (−11.7%). That week 179 companies across Europe disclosed insider purchases, an ordinary week (16 of the last 26).

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.

▮Purple band: several insiders bought within 15 days

The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 25 Sep, with 2 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.

Blue line: this share's price, −32.4% over these six months

The closing price of each day, from 37.74 on 2026-04-21 to 25.52 on 2026-10-07. 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 −32.4%, the typical one −5.3%, 27.1 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. The purple bar is the week of the band above: 179 companies, number 16 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.

This company: insiders buying per month, last 12 months

Nov

Dec

Jan

Feb

Mar

Apr

1May

1Jun

Jul

Aug

2Sep

Oct

Darker bars are inside the 180-day window above.

Who traded

Insider	Role	Purchases	Sales	Bought	First purchase	Share price since	Earlier purchases
Oliver Behrens	Management board	4	—	—	2026-05-27	−22.2%	6 completed, median +2.8% against peers after 60 sessions
Benon Janos	CEO / chair	1	—	—	2026-09-25	−11.7%	fewer than 5 completed
Evgeni Kaplun	Executive	1	—	—	2026-09-25	−11.7%	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%	0.600	21.0
Qualified-buy size	25%	0.778	19.4
Role informativeness (inverted)	20%	0.000	0.0
Recency	10%	0.218	2.2
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.

Since 2026-10-13, neither column has changed. 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 (more buyers than usual here, senior executive buying, buyer's past purchases beat the benchmark), while share price and trading argue against (price trails its sector). No data is held for: company actions.

The insider purchases themselvesBullmore buyers than usual here, senior executive buying, buyer's past purchases beat the benchmark Bearsmall purchases4 checked, under the threshold · 2 missing
Share price and tradingBearprice trails its sector1 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

No insider bought in the 180 days before this window; 3 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%).
The 6 earlier purchases by Oliver Behrens beat DAX by a median 2.8% over the following 60 trading days.

Bear case · discount it

Net purchases of €162k are <0.01% of the company's market value (€3.1bn): a visible sum, a small one against the business.
Share price and tradingOver three months the share price changed −22% and the median of 268 Financial Services companies changed −0.35%: 22 points behind. The market has marked this company down against its own sector.

Evidence still missing

Only one reading of profitability is held (profit margin 31%). 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 8 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: 7, 2 close to it

BullAt most 2 insiders bought within any 15 days. Counted for the bull side from 3. close to the threshold
BearThe largest buyer accounts for 63% of the value bought. Counted for the bear side from 80%. close to the threshold
BearNo insider sale is recorded in the same 180 days.
EitherThe latest purchase is 22 days old. Bull up to 14 days, bear from 90.
BearThe share price changed −4.7% over six months (three months −22%, one month −23%) and stands 32% below its 52-week high. Counted for the bear side from a fall of 20%.
BearPublished net short positions total 0.50% of the share capital across 1 named holder. Counted for the bear side from 2%.
BearProfit margin on the latest captured figures is 31%. 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

52.6 / 100

Latest recorded score

↑ +6.4 ptsversus the comparable snapshot on 2026-09-14 (34 calendar days apart)

Recorded snapshots: 35
First snapshot: 2026-08-26

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.

Cluster+10.5 pts
Purchase size+0.8 pts
Role+7.0 pts
Recency+2.2 pts

Signal score history

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

Recent recorded points

Aug 26, 202646.4
Sep 7, 202646.2
Sep 28, 202658.6
Oct 7, 202654.8
Oct 18, 202652.6

View all recorded scores

Snapshot date	Signal score
2026-08-26	46.4
2026-08-27	46.4
2026-08-28	46.2
2026-08-31	46.2
2026-09-01	46.2
2026-09-02	46.2
2026-09-03	46.2
2026-09-04	46.2
2026-09-07	46.2
2026-09-08	46.2
2026-09-09	46.2
2026-09-10	46.2
2026-09-11	46.2
2026-09-14	46.2
2026-09-23	46.2
2026-09-24	46.2
2026-09-25	49.3
2026-09-28	58.6
2026-09-29	58.0
2026-09-30	57.5
2026-10-01	57.0
2026-10-02	56.6
2026-10-03	56.6
2026-10-04	56.6
2026-10-05	55.4
2026-10-06	55.1
2026-10-07	54.8
2026-10-08	54.5
2026-10-09	54.2
2026-10-12	53.5
2026-10-13	53.3
2026-10-14	53.1
2026-10-15	52.9
2026-10-16	52.8
2026-10-18	52.6

Sector context

Financial Services

Buying breadth: 8.4% (55 / 655 issuers)
Sector rank: #6 / 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.

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.

Oliver BehrensManagement Board Member (Vorstand) · Initial notification6 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	6Developing evidence	100.0% (6/6)	100.0% (6/6)	+2.1%	+3.4%	+1.3%
20D	6Developing evidence	100.0% (6/6)	100.0% (6/6)	+11.9%	+10.0%	+0.3%
60D	6Developing evidence	100.0% (6/6)	83.3% (5/6)	+2.8%	+1.0%	-9.0%
120D	0No data	Awaiting maturity	—	—	—	—

First purchase in 12M

2/6

Large purchase ≥ €100k

0/6

Cluster buying · 15D

0/6

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

4/6

Routine / opportunistic

Not classifiable

Benon JanosCEO · Initial notificationNo completed outcome at the selected horizons

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	1Small sample	100.0% (1/1)	0.0% (0/1)	-4.8%	-4.8%	-4.8%
20D	0No data	Awaiting maturity	—	—	—	—
60D	0No data	Awaiting maturity	—	—	—	—
120D	0No data	Awaiting maturity	—	—	—	—

First purchase in 12M

1/1

Large purchase ≥ €100k

0/1

Cluster buying · 15D

0/1

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

1/1

Routine / opportunistic

Not classifiable

Evgeni KaplunChief Risk Officer (flatexDEGIRO Bank SE) · Initial notificationNo completed outcome at the selected horizons

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	1Small sample	100.0% (1/1)	0.0% (0/1)	-1.5%	-1.5%	-1.5%
20D	0No data	Awaiting maturity	—	—	—	—
60D	0No data	Awaiting maturity	—	—	—	—
120D	0No data	Awaiting maturity	—	—	—	—

First purchase in 12M

1/1

Large purchase ≥ €100k

0/1

Cluster buying · 15D

1/1

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

1/1

Routine / opportunistic

Not classifiable

Market context

PRICE PERFORMANCE

-23.2%

-21.9%

-4.7%

12M

+5.8%

VOLATILITY & LIQUIDITY

Volatility: 41.4%
Beta: 1.03
Avg daily volume: €9.1M

VALUATION

Market cap: €3.1B
P/E: 15.8×

FUNDAMENTALS

Profit margin: 31.4%
ROE: 21.7%
Industry: Capital Markets

Prices to 29 Sep 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 29 Sep 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.

Disclosed net short positions

Disclosed total: 0.50%
Named holders: 1
Latest position date: 02 Oct 2026

Holder	Net short, % of issued share capital	Position date
Lancaster Investment Management LLP	0.50%	02 Oct 2026

Only positions of 0.5% or more are published, so the total is a lower bound, not total short interest. A row with an old position date may be a disclosure that was never withdrawn. Source: Bundesanzeiger · read 18 Oct 2026

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: 247 verified sessions · Latest session: 2026-10-07 · 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

Insider filing announcement · published 2026-09-28 · trade date 2026-09-25
Insider filing announcement · published 2026-09-25 · trade date 2026-09-25
Insider filing announcement · published 2026-06-16 · trade date 2026-06-15

Unfold all 8 filings

Insider filing announcement · published 2026-09-28 · trade date 2026-09-25
Insider filing announcement · published 2026-09-25 · trade date 2026-09-25
Insider filing announcement · published 2026-06-16 · trade date 2026-06-15
Insider filing announcement · published 2026-06-10 · trade date 2026-06-09
Insider filing announcement · published 2026-05-29 · trade date 2026-05-28
Insider filing announcement · published 2026-05-29 · trade date 2026-05-28
Insider filing announcement · published 2026-05-28 · trade date 2026-05-27
Insider filing announcement · published 2026-05-28 · trade date 2026-05-27

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

8 qualifying purchase disclosure(s) · 8 transaction line(s)

Sep 25, 2026Kauf

Benon Janos · CEO b) Erstmeldung

Aktie · 339 shares × 29,94 EUR · 10.149,66 EUR

Open filing

Sep 25, 2026Kauf

Evgeni Kaplun · Chief Risk Officer (flatexDEGIRO Bank SE) b) Erstmeldung

Aktie · 1750 shares × 28,68 EUR · 50.190,00 EUR

Open filing

Jun 15, 2026Kauf

Oliver Behrens · Vorstand b) Erstmeldung

Aktie · 500 shares × 36,96 EUR · 18.480,00 EUR

Open filing

Unfold all 5 remaining filing row(s)

Transaction date	Published	Filer	Role	Transaction	Instrument	Price (local currency)	Quote currency	Volume	Reported value (local currency)	Source
2026-06-09	2026-06-10	Oliver Behrens	Vorstand b) Erstmeldung	Kauf	Aktie	34,32 EUR	EUR	600	20.592,00 EUR	Open filing
2026-05-28	2026-05-29	Oliver Behrens	Vorstand b) Erstmeldung	Kauf	Aktie	32,92 EUR	EUR	500	16.460,00 EUR	Open filing
2026-05-28	2026-05-29	Oliver Behrens	Vorstand b) Erstmeldung	Kauf	Aktie	32,82 EUR	EUR	500	16.410,00 EUR	Open filing
2026-05-27	2026-05-28	Oliver Behrens	Vorstand b) Erstmeldung	Kauf	Aktie	33,24 EUR	EUR	400	13.296,00 EUR	Open filing
2026-05-27	2026-05-28	Oliver Behrens	Vorstand b) Erstmeldung	Kauf	Aktie	33,28 EUR	EUR	500	16.640,00 EUR	Open filing

Showing 8 of 8 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.

Snapshot & identity

Snapshot date: 2026-10-18
Ticker: FTK.DE
ISIN: DE000FTG1111
Sector: Financial Services
Industry: Capital Markets

Company logos by Parqet

flatexDEGIRO SE

WHY THIS SIGNAL?

Score anatomy

What is holding the score back?

BUYING PROFILE

Buying concentration

Key purchase quotes (filing currency)

Cluster breakdown (does not change the score)

What the filings show

Insider vs stock price

If you had followed the purchase

Insider timeline

This company: insiders buying per month, last 12 months

Who traded

Two readings of this buying

Where the evidence comes from

Bull case · the buying is informative

Bear case · discount it

Evidence still missing

Signal score history

Recent recorded points

Sector context

Insider profile outcomes

Market context

PRICE PERFORMANCE

VOLATILITY & LIQUIDITY

VALUATION

FUNDAMENTALS

Disclosed net short positions

Insiders' buying price vs the latest close

Buying size vs market trading

Latest news

Regulatory filings

Filing evidence

Other disclosed transactions · excluded from score

Snapshot & identity

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