| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +0.3% | +0.3% | +0.3% |
| 20D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -5.7% | -5.7% | -5.7% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
COMPANY RESEARCH
H-FARM SPA
FARM.MI · Italy · Financial Services · Asset Management
INSIDER SIGNAL
Insider activity score：70.5 / 100
4 insiders · 7 purchase events · €3.77m net purchases
Europe #62 · Italy #2
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+24.6 / 25
Purchase value relative to company size and liquidity
Role+19.0 / 20
The seniority and relevance of participating insiders
Recency+0.0 / 10
How recently the purchases occurred
Conviction+9.9 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Purchase activity is becoming less recent
- ✓ Broad buyer cluster · 4+ distinct filers
- ✓ Strong insider role · assoc involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
40%
Largest buyer：E-FARM SRL · 3.29m EUR
Gross qualified purchase transaction-line value：8.17m 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 |
|---|---|---|
| EDUCATION SRL | 0.005–0.3 EUR | Jul 6, 2026 |
| Riccardo Donadon | 0.3 EUR | Jul 2, 2026 |
| E-FARM SRL | 0.3 EUR | Jun 26, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 4 distinct reported filers
- Peak time window
- 2026-06-19 to 2026-07-02
- 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
EDUCATION SRL · 1.10m EUR · Price 0.005–0.3 EUR · Jul 6, 2026 - 🟢 Eligible purchase
Riccardo Donadon · 3k EUR · Price 0.3 EUR · Jul 2, 2026 - 🟢 Large eligible purchase
E-FARM SRL · 3.01m EUR · Price 0.3 EUR · Jun 26, 2026 - 🟡 4 remaining qualified transaction line(s) across 4 disclosure(s)
- 🔴 1 other transaction line(s) are not counted as discretionary-buying evidence; 0 have zero price
Insider vs stock price
6 purchase day(s), 8 purchase line(s) in the 180-day window. 1 sale day(s), 1 sale line(s).
Daily close (EUR)Day with an insider purchaseTwo or more insiders the same dayDay with an insider sale
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 |
|---|---|---|---|---|
| 2026-07-24 | 3 | 1,000 +0.0% | too few peers | — |
| 2026-07-27 | 1 | 1,000 +0.0% | 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
4 insiders bought within 14 days, 19 Jun to 2 Jul: 3 Associated person, 1 Role not classified. 1 of them bought again later. The share closed at 0.22 on the first of those days and at 0.21 most recently (−2.8%). That week 211 companies across Europe disclosed insider purchases, an ordinary week (6 of the last 26). 1 of the buyers also disclosed a sale in the window.
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.
▮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 19 Jun – 2 Jul, with 4 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, +35.0% over these six months
The closing price of each day, from 0.16 on 2026-04-21 to 0.21 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, −5.1%
Taken from the 26 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 +35.0%, the typical one −5.1%, 40.1 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. The purple bar is the week of the band above: 211 companies, number 6 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
4Jun
2Jul
Aug
Sep
Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Riccardo Donadon | Role not classified | 2 | — | 16.8k EUR | 2026-06-03 | −3.6% | fewer than 5 completed |
| CGN FUTURO SRL | Associated person | 1 | — | 2.9M EUR | 2026-06-19 | −2.8% | fewer than 5 completed |
| E-FARM SRL | Associated person | 2 | 1 | 3.3M EUR | 2026-06-24 | −0.9% | fewer than 5 completed |
| EDUCATION SRL | Associated person | 2 | — | 1.9M EUR | 2026-06-26 | −1.9% | 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% | 0.982 | 24.6 |
| Role informativeness (inverted) | 20% | 0.050 | 1.0 |
| Recency | 10% | 0.001 | 0.0 |
| Buy/sell conviction | 10% | 0.993 | 9.9 |
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: new 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 (large purchases); share price and trading, company results were checked and none crosses a bear threshold. No data is held for: short sellers.
- The insider purchases themselvesBulllarge purchases Bearassociated persons buying, latest purchase is old3 checked, under the threshold · 2 missing
- Share price and tradingBearthinly traded2 checked, under the threshold
- Short sellers1 missing
- Company results1 checked, under the threshold · 1 missing
- Company actionsBearsubscription to new shares
Bull case · the buying is informative
- Net purchases of €3.8M equal 8.1% of the company's market value (€46.7M): large for the size of the business.
Bear case · discount it
- Company actions5 of 8 purchase lines are subscriptions to newly issued shares (“SOTTOSCRIZIONE”), bought from the company at an issue price and not in the market. Insiders often take part to support a financing.
- 3 of 4 buyers are filed as persons closely associated with a manager (family or a holding vehicle), not the manager. This model weights such filers among the least informative.Record: after 1,554 earlier disclosures like this, the median 60-session excess return was −7.4%, 1.6 percentage points below all comparable disclosures (−5.8%).
- The latest purchase was 103 days ago (2026-07-06). A reporting period has passed since, so what the buyers knew then may already be public.
- Share price and tradingAbout €6,438 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 125%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- The short-position register for this company's market is not captured here, so whether professional investors are positioned against the buying is not known.
- 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: 6, 1 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 40% of the value bought. Counted for the bear side from 80%.
- BearInsiders sold €28k in the same 180 days, 0.75% of the amount bought. Counted for the bear side from 25%.
- BearThe share price changed +35% over six months (three months −0.93%, one month +0.95%). Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed −0.93% and the median of 268 Financial Services companies changed −0.35%: behind by 1 points. Counted for the bear side from 20 points behind.
- BearProfit margin on the latest captured figures is 125%. 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
70.5 / 100
Latest recorded score
→ +0.0 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.
- Recency-0.1 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 77.3
- 70.6
- 70.5
- 70.5
- 70.5
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 77.3 |
| 2026-08-27 | 71.3 |
| 2026-08-28 | 70.7 |
| 2026-08-31 | 70.7 |
| 2026-09-01 | 70.7 |
| 2026-09-02 | 70.6 |
| 2026-09-03 | 70.6 |
| 2026-09-04 | 70.6 |
| 2026-09-07 | 70.6 |
| 2026-09-08 | 70.6 |
| 2026-09-09 | 70.6 |
| 2026-09-10 | 70.6 |
| 2026-09-11 | 70.6 |
| 2026-09-14 | 70.5 |
| 2026-09-23 | 70.5 |
| 2026-09-24 | 70.5 |
| 2026-09-25 | 70.5 |
| 2026-09-28 | 70.5 |
| 2026-09-29 | 70.5 |
| 2026-09-30 | 70.5 |
| 2026-10-01 | 70.5 |
| 2026-10-02 | 70.5 |
| 2026-10-03 | 70.5 |
| 2026-10-04 | 70.5 |
| 2026-10-05 | 70.5 |
| 2026-10-06 | 70.5 |
| 2026-10-07 | 70.5 |
| 2026-10-08 | 70.5 |
| 2026-10-09 | 70.5 |
| 2026-10-12 | 70.5 |
| 2026-10-13 | 70.5 |
| 2026-10-14 | 70.5 |
| 2026-10-15 | 70.5 |
| 2026-10-16 | 70.5 |
| 2026-10-18 | 70.5 |
Sector context
- 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.
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 − FTSE MIB 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.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +1.2% | +1.2% | +1.2% |
| 20D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -5.4% | -5.4% | -5.4% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +3.8% | +3.8% | +3.8% |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +1.2% | +1.2% | +1.2% |
| 20D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -5.4% | -5.4% | -5.4% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +3.8% | +3.8% | +3.8% |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 48.2%
- Beta
- 0.52
- Avg daily volume
- €12,074.0
VALUATION
- Market cap
- €46.7M
- P/E
- 1.1×
FUNDAMENTALS
- Profit margin
- 125.1%
- ROE
- 219.0%
- Industry
- Asset Management
Prices to 18 Oct 2026: price cache (Eulerpool). From OpenBB/yfinance, captured 15 Oct 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
This country's register of net short positions was not read for this build. That says nothing about whether short positions exist.
Insiders' buying price vs the latest close
Insiders paid 0.2998 EUR a share on average (6 purchase lines, 4 buyers, 2026-06-03 – 2026-07-06). The close on 2026-10-16 was 29.3% below that price.
The latest purchase (2026-07-06) was at 0.3000 EUR; the close was 29.3% below 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
0.00% · of estimated traded value in the same period
2026-09-21 – 2026-10-16 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 0 EUR
- Estimated market traded value
- 128,769 EUR
Market-data coverage: 261 verified sessions · Latest session: 2026-10-16 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Jul 06 · EDUCATION SRL · Socio dell'Emittente indirettamente tramite E-Farm Srl1,097,693 EUR · 6728.17%16,315 EUR ADTV
- Jul 02 · Riccardo Donadon · Persona che esercita funzioni di direzione3,362 EUR · 20.46%16,430 EUR ADTV
- Jun 26 · E-FARM SRL · Persona che esercita funzioni di direzione3,008,603 EUR · 19385.51%15,520 EUR ADTV
- Jun 26 · EDUCATION SRL · Socio dell'Emittente indirettamente tramite E-Farm Srl833,599 EUR · 5371.18%15,520 EUR ADTV
- Jun 24 · E-FARM SRL · Persona che esercita funzioni di direzione284,657 EUR · 1873.35%15,195 EUR ADTV
- Jun 19 · CGN FUTURO SRL · Consigliere dell'Emittente2,929,983 EUR · 20420.21%14,348 EUR ADTV
- Jun 03 · Riccardo Donadon · Persona che esercita funzioni di direzione13,464 EUR · 130.59%10,310 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
8 qualifying purchase disclosure(s) · 8 transaction line(s)
Jul 6, 2026ACQUISTO
EDUCATION SRL · Socio dell'Emittente indirettamente tramite E-Farm Srl
Strumento Finanziario Legato A Un'Azione · 24599473 shares × 0.005 EUR · —
Jul 6, 2026SOTTOSCRIZIONE
EDUCATION SRL · Socio dell'Emittente indirettamente tramite E-Farm Srl
Azioni Ordinarie · 3248987 shares × 0.3 EUR · —
Jul 2, 2026SOTTOSCRIZIONE
Riccardo Donadon · Persona che esercita funzioni di direzione
Azioni Ordinarie · 11207 shares × 0.3 EUR · —
Unfold all 5 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-26 | 2026-07-24 | EDUCATION SRL | Socio dell'Emittente indirettamente tramite E-Farm Srl | SOTTOSCRIZIONE | Azioni Ordinarie | 0.3 EUR | EUR | 2778664 | — |
| 2026-06-26 | 2026-07-24 | E-FARM SRL | Persona che esercita funzioni di direzione | SOTTOSCRIZIONE | Azioni Ordinarie | 0.3 EUR | EUR | 10028676 | — |
| 2026-06-24 | 2026-07-24 | E-FARM SRL | Persona che esercita funzioni di direzione | ACQUISTO | Strumento Finanziario Legato A Un'Azione | 0.005 EUR | EUR | 56931331 | — |
| 2026-06-19 | 2026-07-27 | CGN FUTURO SRL | Consigliere dell'Emittente | SOTTOSCRIZIONE | Azioni Ordinarie | 0.3 EUR | EUR | 9766610 | — |
| 2026-06-03 | 2026-07-24 | Riccardo Donadon | Persona che esercita funzioni di direzione | ACQUISTO | Azioni Ordinarie | 0.204 EUR | EUR | 65998 | — |
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
View 1 other transaction(s)
Jun 24, 2026CESSIONE
E-FARM SRL · Persona che esercita funzioni di direzione
Strumento Finanziario Legato A Un'Azione · 56931331 shares × 0.0005 EUR · —
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.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- FARM.MI
- ISIN
- IT0004674666
- Sector
- Financial Services
- Industry
- Asset Management
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