| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 13Developing evidence | 100.0% (13/13) | 30.8% (4/13) | -1.2% | -1.0% | -4.5% |
| 20D | 13Developing evidence | 100.0% (13/13) | 0.0% (0/13) | -3.0% | -3.3% | -5.9% |
| 60D | 8Developing evidence | 100.0% (8/8) | 100.0% (8/8) | +1.9% | +2.2% | +0.4% |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
COMPANY RESEARCH
KALEON SPA
ALKLN.PA · Italy · Consumer Cyclical · Travel Services
INSIDER SIGNAL
Insider activity score：38.4 / 100
1 insiders · 13 purchase events · €33k net purchases
Europe #1257 · Italy #21
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+16.9 / 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+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 · assoc involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
100%
Largest buyer：L6A4 SRL · 33k EUR
Gross qualified purchase transaction-line value：33k 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 |
|---|---|---|
| L6A4 SRL | 3.94 EUR | Jul 30, 2026 |
| L6A4 SRL | 3.96–3.9738 EUR | Jul 29, 2026 |
| L6A4 SRL | 3.9148–3.96 EUR | Jul 28, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 1 distinct reported filers
- Peak time window
- 2026-07-14 to 2026-07-29
- 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
L6A4 SRL · 2k EUR · Price 3.94 EUR · Jul 30, 2026 - 🟢 Eligible purchase
L6A4 SRL · 4k EUR · Price 3.96–3.9738 EUR · Jul 29, 2026 - 🟢 Large eligible purchase
L6A4 SRL · 8k EUR · Price 3.9148–3.96 EUR · Jul 28, 2026 - 🟡 13 remaining qualified transaction line(s) across 13 disclosure(s)
Insider vs stock price
13 purchase day(s), 18 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.
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 |
|---|---|---|---|---|
| 2026-07-15 | 1 | 985 −1.5% | 861 −13.9% | +124 +12.4 pts |
| 2026-07-16 | 1 | 990 −1.0% | 854 −14.6% | +136 +13.6 pts |
| 2026-07-17 | 1 | 976 −2.4% | 879 −12.1% | +98 +9.8 pts |
| 2026-07-20 | 1 | 987 −1.3% | 880 −12.0% | +108 +10.8 pts |
| 2026-07-21 | 1 | 990 −1.0% | 885 −11.5% | +105 +10.5 pts |
| 2026-07-22 | 1 | 992 −0.8% | 891 −10.9% | +102 +10.2 pts |
| 2026-07-23 | 1 | 980 −2.0% | 893 −10.7% | +87 +8.7 pts |
| 2026-07-24 | 1 | 990 −1.0% | 894 −10.6% | +96 +9.6 pts |
| 2026-07-27 | 1 | 992 −0.8% | 876 −12.4% | +117 +11.7 pts |
| 2026-07-28 | 1 | 995 −0.5% | 869 −13.1% | +125 +12.5 pts |
| 2026-07-29 | 1 | 986 −1.4% | 871 −12.9% | +115 +11.5 pts |
| 2026-07-30 | 1 | 995 −0.5% | 872 −12.8% | +123 +12.3 pts |
| 2026-07-31 | 1 | 980 −2.0% | 863 −13.7% | +117 +11.7 pts |
13 of 13 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 (36 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
One insider bought, 13 times, the latest (30 Jul). The share closed at 3.94 that day and at 3.92 most recently (−0.5%).
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.
Blue line: this share's price, +0.3% over these six months
The closing price of each day, from 3.91 on 2026-04-21 to 3.92 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, −10.2%
Taken from the 104 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 +0.3%, the typical one −10.2%, 10.4 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
May
Jun
1Jul
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 |
|---|---|---|---|---|---|---|---|
| L6A4 SRL | Associated person | 13 | — | 32.7k EUR | 2026-07-14 | −2.0% | 8 completed, median +1.9% against peers after 60 sessions |
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% | 0.674 | 16.9 |
| Role informativeness (inverted) | 20% | 0.050 | 1.0 |
| Recency | 10% | 0.004 | 0.0 |
| 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: new on the bull side: buyer's past purchases beat the benchmark; 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 (buyer's past purchases beat the benchmark); share price and trading, company results were checked and none crosses a bear threshold. No data is held for: short sellers, company actions.
- The insider purchases themselvesBullbuyer's past purchases beat the benchmark Bearone buyer only, associated persons buying3 checked, under the threshold · 2 missing
- Share price and trading2 checked, under the threshold
- Short sellers1 missing
- Company results1 checked, under the threshold · 1 missing
- Company actionsno data held
Bull case · the buying is informative
- The 8 earlier purchases by L6A4 SRL beat FTSE MIB by a median 1.9% over the following 60 trading days.
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%).
- Every buyer is filed as a person 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%).
Evidence still missing
- Only one reading of profitability is held (profit margin 6.5%). 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.
- 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 18 purchase lines mentions a plan, but a bare “ACQUISTO” 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: 6, 1 close to it
- EitherThe latest purchase is 79 days old. Bull up to 14 days, bear from 90. close to the threshold
- EitherNet purchases equal 0.06% of the company's market value. Bull from 0.10%, bear below 0.01%.
- BearNo insider sale is recorded in the same 180 days.
- BearThe share price changed +0.51% over six months (three months −2.0%, one month +2.0%) and stands 17% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed −2.0% and the median of 264 Consumer Cyclical companies changed −3.7%: ahead by 2 points. Counted for the bear side from 20 points behind.
- BearProfit margin on the latest captured figures is 6.5%. 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
38.4 / 100
Latest recorded score
↓ -0.4 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.
- Recency-0.4 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 55.7
- 39.0
- 38.5
- 38.4
- 38.4
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 55.7 |
| 2026-08-27 | 42.7 |
| 2026-08-28 | 39.7 |
| 2026-08-31 | 39.4 |
| 2026-09-01 | 39.4 |
| 2026-09-02 | 39.3 |
| 2026-09-03 | 39.2 |
| 2026-09-04 | 39.2 |
| 2026-09-07 | 39.0 |
| 2026-09-08 | 39.0 |
| 2026-09-09 | 38.9 |
| 2026-09-10 | 38.9 |
| 2026-09-11 | 38.9 |
| 2026-09-14 | 38.8 |
| 2026-09-23 | 38.6 |
| 2026-09-24 | 38.6 |
| 2026-09-25 | 38.5 |
| 2026-09-28 | 38.5 |
| 2026-09-29 | 38.5 |
| 2026-09-30 | 38.5 |
| 2026-10-01 | 38.5 |
| 2026-10-02 | 38.5 |
| 2026-10-03 | 38.5 |
| 2026-10-04 | 38.5 |
| 2026-10-05 | 38.4 |
| 2026-10-06 | 38.4 |
| 2026-10-07 | 38.4 |
| 2026-10-08 | 38.4 |
| 2026-10-09 | 38.4 |
| 2026-10-12 | 38.4 |
| 2026-10-13 | 38.4 |
| 2026-10-14 | 38.4 |
| 2026-10-15 | 38.4 |
| 2026-10-16 | 38.4 |
| 2026-10-18 | 38.4 |
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 − 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.
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 18.2%
- Beta
- —
- Avg daily volume
- €4,982.3
VALUATION
- Market cap
- €55.1M
- P/E
- 35.5×
FUNDAMENTALS
- Profit margin
- 6.5%
- ROE
- 9.6%
- Industry
- Travel Services
Prices to 11 Oct 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 11 Oct 2026: Market cap, P/E, Profit margin, ROE, 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
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: 219 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
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
18 qualifying purchase disclosure(s) · 18 transaction line(s)
Jul 30, 2026ACQUISTO
L6A4 SRL · Persona che esercita funzioni di amministrazione
Azioni Ordinarie · 459 shares × 3.94 EUR · —
Jul 29, 2026ACQUISTO
L6A4 SRL · Persona che esercita funzioni di amministrazione
Azioni Ordinarie · 841 shares × 3.9738 EUR · —
Jul 29, 2026ACQUISTO
L6A4 SRL · Persona che esercita funzioni di amministrazione
Azioni Ordinarie · 150 shares × 3.96 EUR · —
Unfold all 15 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-07-28 | 2026-07-29 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.96 EUR | EUR | 919 | — |
| 2026-07-28 | 2026-07-29 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.9148 EUR | EUR | 1129 | — |
| 2026-07-27 | 2026-07-28 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.98 EUR | EUR | 482 | — |
| 2026-07-24 | 2026-07-27 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.96 EUR | EUR | 20 | — |
| 2026-07-23 | 2026-07-24 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.9613 EUR | EUR | 1340 | — |
| 2026-07-22 | 2026-07-23 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.9888 EUR | EUR | 418 | — |
| 2026-07-21 | 2026-07-22 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.97 EUR | EUR | 41 | — |
| 2026-07-21 | 2026-07-22 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.96 EUR | EUR | 132 | — |
| 2026-07-20 | 2026-07-21 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.9618 EUR | EUR | 205 | — |
| 2026-07-20 | 2026-07-21 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.97 EUR | EUR | 459 | — |
| 2026-07-17 | 2026-07-20 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.96 EUR | EUR | 980 | — |
| 2026-07-17 | 2026-07-20 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.995 EUR | EUR | 162 | — |
| 2026-07-16 | 2026-07-17 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.96 EUR | EUR | 3 | — |
| 2026-07-15 | 2026-07-16 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.993 EUR | EUR | 92 | — |
| 2026-07-14 | 2026-07-15 | L6A4 SRL | Persona che esercita funzioni di amministrazione | ACQUISTO | Azioni Ordinarie | 3.96 EUR | EUR | 425 | — |
Showing 18 of 18 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
- ALKLN.PA
- ISIN
- IT0005678104
- Sector
- Consumer Cyclical
- Industry
- Travel Services
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