| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 6Developing evidence | 100.0% (6/6) | 66.7% (4/6) | +12.6% | +17.8% | -5.1% |
| 20D | 5Developing evidence | 100.0% (5/5) | 60.0% (3/5) | +1.6% | +5.2% | -8.8% |
| 60D | 5Developing evidence | 100.0% (5/5) | 60.0% (3/5) | +13.0% | +14.5% | -22.9% |
| 120D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -17.0% | +2.7% | -21.3% |
COMPANY RESEARCH
Martela Oyj
MARAS.HE · Finland · Consumer Cyclical · Furnishings, Fixtures & Appliances
INSIDER SIGNAL
Insider activity score：70.5 / 100
8 insiders · 8 purchase events · €86k net purchases
Europe #62 · Finland #3
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+35.0 / 35
How many distinct insiders bought in the cluster
Purchase size+18.4 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+7.1 / 10
How recently the purchases occurred
Conviction+10.0 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ✓ Broad buyer cluster · 4+ distinct filers
- ✓ Strong insider role · ceo/chair involved
- ✓ Recent activity · latest purchase 2026-10-12
The role contribution uses the inverted role input of the current European model.
Buying concentration
35%
Largest buyer：Overlandpark Oy · 100k EUR
Gross qualified purchase transaction-line value：285k 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 |
|---|---|---|
| Eero Martela | 0 EUR | Oct 12, 2026 |
| Hanna Mattila | 0 EUR | Oct 12, 2026 |
| Overlandpark Oy | 0.45 EUR | Oct 6, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 8 distinct reported filers
- Peak time window
- 2026-10-06 to 2026-10-12
- Current breadth input
- 1.000 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Eero Martela · 0 EUR · Price 0 EUR · Oct 12, 2026 - 🟢 Eligible purchase
Hanna Mattila · 0 EUR · Price 0 EUR · Oct 12, 2026 - 🟢 Large eligible purchase
Overlandpark Oy · 100k EUR · Price 0.45 EUR · Oct 6, 2026 - 🟡 6 remaining qualified transaction line(s) across 6 disclosure(s)
- 🔴 2 other transaction line(s) are not counted as discretionary-buying evidence; 2 have zero price
Insider vs stock price
2 purchase day(s), 9 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.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-10-08 | 6 | 1,235 +23.5% | too few peers | — |
| 2026-10-12 | 2 | 1,158 +15.8% | too few peers | — |
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 (0 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
8 insiders bought within 7 days, 6 Oct to 12 Oct: 3 Board member, 2 Role not classified, 1 CFO, 1 Associated person, 1 CEO / chair. The share closed at 0.49 on the first of those days and at 0.61 most recently (+24.5%). That week 166 companies across Europe disclosed insider purchases, an ordinary week (20 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. A filing that states no amount gets the smallest dot.
▮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 6 Oct – 12 Oct, with 8 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, +5.9% over these six months
The closing price of each day, from 0.58 on 2026-04-21 to 0.61 on 2026-10-15. 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, −0.6%
Taken from the 54 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 +5.9%, the typical one −0.6%, 6.5 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. The purple bar is the week of the band above: 166 companies, number 20 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
May
Jun
Jul
Aug
Sep
8Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Henri Berg | CFO | 1 | — | 30.0k EUR | 2026-10-06 | +24.5% | fewer than 5 completed |
| Panu Ala-Nikkola | CEO / chair | 1 | — | 25.0k EUR | 2026-10-06 | +24.5% | fewer than 5 completed |
| Tapio Pajuharju | Board member | 1 | — | 100.0k EUR | 2026-10-06 | +24.5% | 5 completed, median +13.0% against peers after 60 sessions |
| Eero Martela | Board member | 1 | — | — | 2026-10-12 | +15.8% | fewer than 5 completed |
| Hanna Mattila | Board member | 1 | — | — | 2026-10-12 | +15.8% | fewer than 5 completed |
| Johan Westerlund | Role not classified | 1 | — | 15.0k EUR | 2026-10-06 | +24.5% | fewer than 5 completed |
| Kalle Sulkanen | Role not classified | 1 | — | 15.0k EUR | 2026-10-06 | +24.5% | fewer than 5 completed |
| Overlandpark Oy | Associated person | 1 | — | 100.0k EUR | 2026-10-06 | +24.5% | 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% | 1.000 | 35.0 |
| Qualified-buy size | 25% | 0.736 | 18.4 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.707 | 7.1 |
| 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.
Since 2026-10-13: no longer on the bull side: large purchases; 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, buyer's past purchases beat the benchmark, bought in the last two weeks); share price and trading, short sellers were checked and none crosses a bear threshold. No data is held for: company results.
- The insider purchases themselvesBullmore buyers than usual here, senior executive buying, buyer's past purchases beat the benchmark, bought in the last two weeks4 checked, under the threshold · 1 missing
- Share price and trading2 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results2 missing
- Company actionsBearsubscription to new shares
Bull case · the buying is informative
- No insider bought in the 180 days before this window; 8 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 5 earlier purchases by Tapio Pajuharju beat OMX Helsinki 25 by a median 13% over the following 60 trading days.
- The latest purchase is 5 days old (2026-10-12). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Company actions9 of 9 purchase lines are subscriptions to newly issued shares (“SUBSCRIPTION”), bought from the company at an issue price and not in the market. Insiders often take part to support a financing.
Evidence still missing
- 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.
- 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
- BearThe largest buyer accounts for 35% of the value bought. Counted for the bear side from 80%.
- Bear0 of 8 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- EitherNet purchases of €86k in 180 days. Bull from €1.0M, bear when all purchases total under €25k.
- BearNo insider sale is recorded in the same 180 days.
- BearThe share price changed +4.1% over six months (three months +24%, one month −8.6%). Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed +24% and the median of 264 Consumer Cyclical companies changed −3.7%: ahead by 28 points. Counted for the bear side from 20 points behind.
- BearThe register of Finanssivalvonta 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
70.5 / 100
Latest recorded score
↓ -1.6 ptssince the first recorded snapshot on 2026-10-08; 10 calendar days observed
- Recorded snapshots
- 8
- First snapshot
- 2026-10-08
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
- 72.1
- 73.4
- 72.1
- 71.5
- 70.5
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-10-08 | 72.1 |
| 2026-10-09 | 71.5 |
| 2026-10-12 | 73.4 |
| 2026-10-13 | 72.7 |
| 2026-10-14 | 72.1 |
| 2026-10-15 | 71.5 |
| 2026-10-16 | 71.0 |
| 2026-10-18 | 70.5 |
Sector context
- Buying breadth
- 8.3% (42 / 506 issuers)
- Sector rank
- #7 / 12
- 7D breadth change
- -2.4 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.
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 − OMX Helsinki 25 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
- 56.2%
- Beta
- —
- Avg daily volume
- €9,466.3
VALUATION
- Market cap
- —
- P/E
- —
FUNDAMENTALS
- Profit margin
- -3.7%
- ROE
- —
- Industry
- —
Prices to 16 Oct 2026: price cache (Yahoo Chart/risk profile). From the company's annual report ↗, fiscal year ended 31 Dec 2025: Profit margin. It does not affect the insider score or rank.
Disclosed net short positions
The Finanssivalvonta 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 0.4500 EUR a share on average (7 purchase lines, 6 buyers, 2026-10-06 – 2026-10-06). The close on 2026-10-15 was 36.4% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored. 2 more purchase lines could not be compared with the share price and are left out.
Buying size vs market trading
Some purchases lack a valid value; aggregate ratio withheld.
Market-data coverage: 505 verified sessions · Latest session: 2026-10-15 · Ratio status: Unavailable
Recent and largest purchase events / preceding 60-session ADTV
- Oct 12 · Eero Martela · Member of the Board/Deputy member— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 12 · Hanna Mattila · Member of the Board/Deputy member— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 06 · Henri Berg · Chief Financial Officer30,000 EUR · 348.75%8,602 EUR ADTV
- Oct 06 · Johan Westerlund · Other senior manager15,008 EUR · 174.46%8,602 EUR ADTV
- Oct 06 · Kalle Sulkanen · Other senior manager15,008 EUR · 174.46%8,602 EUR ADTV
- Oct 06 · Overlandpark Oy · Closely associated person (X) Legal person (1):Person Discharging Managerial Responsibilities In Issuer Name: Tapio Pajuharju Position: Member of the Board100,000 EUR · 1162.49%8,602 EUR ADTV
- Oct 06 · Panu Ala-Nikkola · Chief Executive Officer25,000 EUR · 290.62%8,602 EUR ADTV
- Oct 06 · Tapio Pajuharju · Member of the Board/Deputy member100,000 EUR · 1162.49%8,602 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
The filing records held for this company carry no link to the original notice.
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
9 qualifying purchase disclosure(s) · 9 transaction line(s)
Oct 12, 2026SUBSCRIPTION Description of the transaction type: Martela Oyj:n ylimääräisen yhtiökokouksen 29.9.2026 päättämään osakesarjojen yhdistämiseen liittyvä suunnattu maksuton osakeanti. Reference number: 176029/4/4
Eero Martela · Member of the Board/Deputy member
SHARE · 268 shares × 0 EUR · —
Oct 12, 2026SUBSCRIPTION Description of the transaction type: Martela Oyj:n ylimääräisen yhtiökokouksen 29.9.2026 päättämään osakesarjojen yhdistämiseen liittyvä suunnattu maksuton osakeanti. Reference number: 176046/4/4
Hanna Mattila · Member of the Board/Deputy member
SHARE · 400 shares × 0 EUR · —
Oct 6, 2026SUBSCRIPTION
Henri Berg · Chief Financial Officer
SHARE · 55556 shares × 0.45 EUR · —
Unfold all 6 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-10-06 | 2026-10-08 | Henri Berg | Chief Financial Officer | SUBSCRIPTION | SHARE | 0.45 EUR | EUR | 11111 | — |
| 2026-10-06 | 2026-10-08 | Kalle Sulkanen | Other senior manager | SUBSCRIPTION | SHARE | 0.45 EUR | EUR | 33350 | — |
| 2026-10-06 | 2026-10-08 | Overlandpark Oy | Closely associated person (X) Legal person (1):Person Discharging Managerial Responsibilities In Issuer Name: Tapio Pajuharju Position: Member of the Board | SUBSCRIPTION | SHARE | 0.45 EUR | EUR | 222223 | — |
| 2026-10-06 | 2026-10-08 | Johan Westerlund | Other senior manager | SUBSCRIPTION | SHARE | 0.45 EUR | EUR | 33350 | — |
| 2026-10-06 | 2026-10-08 | Tapio Pajuharju | Member of the Board/Deputy member | SUBSCRIPTION | SHARE | 0.45 EUR | EUR | 222223 | — |
| 2026-10-06 | 2026-10-08 | Panu Ala-Nikkola | Chief Executive Officer | SUBSCRIPTION | SHARE | 0.45 EUR | EUR | 55556 | — |
Showing 9 of 9 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)
Oct 12, 2026EXCHANGE (CONVERSION INTO ANOTHER FINANCIAL INSTRUMENT) Description of the transaction type: Martela Oyj:n ylimääräisen yhtiökokouksen 29.9.2026 päättämä osakesarjojen yhdistäminen. Reference number: 176026/6/6
Eero Martela · Member of the Board/Deputy member
SHARE · 1073 shares × 0 EUR · —
Oct 12, 2026EXCHANGE (CONVERSION INTO ANOTHER FINANCIAL INSTRUMENT) Description of the transaction type: Martela Oyj:n ylimääräisen yhtiökokouksen 29.9.2026 päättämä osakesarjojen yhdistäminen. Reference number: 176043/4/4
Hanna Mattila · Member of the Board/Deputy member
SHARE · 1600 shares × 0 EUR · —
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
- MARAS.HE
- ISIN
- FI0009900385
- Sector
- Consumer Cyclical
- Industry
- Furnishings, Fixtures & Appliances
Company logos by Parqet