| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 5Developing evidence | 100.0% (5/5) | 80.0% (4/5) | +0.8% | +0.9% | -2.1% |
| 20D | 5Developing evidence | 100.0% (5/5) | 60.0% (3/5) | +0.2% | -0.5% | -5.7% |
| 60D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -16.3% | -16.3% | -16.3% |
| 120D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -30.6% | -30.6% | -30.6% |
COMPANY RESEARCH
Borr Drilling Limited
BORR · Norway · Energy · Oil & Gas Drilling
INSIDER SIGNAL
Insider activity score：65.3 / 100
3 insiders · 13 purchase events · €12.67m net purchases
Europe #173 · Norway #6
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+25.0 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+9.3 / 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
- ✓ Strong insider role · ceo/chair involved
- ✓ Recent activity · latest purchase 2026-10-16
The role contribution uses the inverted role input of the current European model.
Buying concentration
The filings do not name the buyer, so who bought how much cannot be worked out.
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 |
|---|---|---|
| Drew Holdings Ltd. | — | Oct 16, 2026 |
| Drew Holdings Ltd. | — | Oct 15, 2026 |
| Magnus Vaaler | 4.0245 USD | Aug 14, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 2 distinct reported filers
- Peak time window
- 2026-09-17 to 2026-09-21
- 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
Drew Holdings Ltd. · 0 NOK · Price — · Oct 16, 2026 - 🟢 PDMR purchase
Drew Holdings Ltd. · 0 NOK · Price — · Oct 15, 2026 - 🟢 Large eligible purchase
Magnus Vaaler · 6.04m USD · Price 4.0245 USD · Aug 14, 2026 - 🟡 10 remaining qualified transaction line(s) across 10 disclosure(s)
Insider vs stock price
13 purchase day(s), 13 purchase line(s) in the 180-day window.
Daily close (USD)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 |
|---|---|---|---|---|
| 2026-08-14 | 1 | 1,025 +2.5% | too few peers | — |
| 2026-08-17 | 1 | 1,009 +0.9% | too few peers | — |
| 2026-08-25 | 1 | 1,018 +1.8% | too few peers | — |
| 2026-09-17 | 1 | 1,041 +4.1% | too few peers | — |
| 2026-09-18 | 1 | 1,018 +1.8% | too few peers | — |
| 2026-09-21 | 1 | 1,025 +2.5% | too few peers | — |
| 2026-10-06 | 1 | 1,078 +7.8% | too few peers | — |
| 2026-10-07 | 1 | 1,056 +5.6% | too few peers | — |
| 2026-10-08 | 1 | 985 −1.5% | too few peers | — |
| 2026-10-12 | 1 | 921 −7.9% | too few peers | — |
| 2026-10-14 | 1 | 970 −3.0% | too few peers | — |
| 2026-10-15 | 1 | 998 −0.2% | 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
3 insiders bought within 5 days, 17 Sep to 21 Sep: 1 CFO, 1 Role not classified, 1 CEO / chair. 1 more bought afterwards. The share closed at 4.36 on the first of those days and at 4.54 most recently (+4.1%). That week 173 companies across Europe disclosed insider purchases, an ordinary week (18 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 17 Sep – 21 Sep, with 3 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, −17.3% over these six months
The closing price of each day, from 5.49 on 2026-04-21 to 4.54 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.
▂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: 173 companies, number 18 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
1Mar
Apr
May
Jun
Jul
1Aug
2Sep
1Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Magnus Vaaler | CFO | 4 | — | 13.4M USD | 2026-08-14 | +2.5% | fewer than 5 completed |
| Bruno Morand | CEO / chair | 1 | — | 200.2k USD | 2026-09-21 | +2.5% | fewer than 5 completed |
| Drew Holdings Ltd. | Board member | 7 | — | — | 2026-10-06 | +7.8% | fewer than 5 completed |
| Unknown insider | Role not classified | 1 | — | 656.9k USD | 2026-09-18 | +1.8% | 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% | 1.000 | 25.0 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.933 | 9.3 |
| 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, large purchases, senior executive buying, bought in the last two weeks), while short sellers argue against (published short positions); company results argue against (loss-making). No data is held for: company actions.
- The insider purchases themselvesBullmore buyers than usual here, large purchases, senior executive buying, bought in the last two weeks3 checked, under the threshold · 3 missing
- Share price and trading2 checked, under the threshold
- Short sellersBearpublished short positions
- Company resultsBearloss-making1 missing
- Company actionsno data held
Bull case · the buying is informative
- 3 insiders bought in the last 180 days against 1 in the 180 days before: more than this company's own recent norm.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%).
- Net purchases of €12.7M equal 1.1% of the company's market value (€1.2bn): large for the size of the business.
- 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 latest purchase is 1 day old (2026-10-16). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Company resultsThe company is loss-making on the latest captured figures: profit margin −24%, return on equity −25%.
- Short sellersDisclosed net short positions total 7.52% of the share capital across 4 named holders: other professional investors are positioned the opposite way. On 2026-10-02 it was 7.92%: down 0.40 points since.
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 −24%). 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 13 purchase lines mentions a plan, but a bare “Kjøp” 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, 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 share price changed −18% over six months (three months +13%, one month +4.1%) and stands 32% below its 52-week high. Counted for the bear side from a fall of 20%. close to the threshold
- Bear0 of 3 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- BearNo insider sale is recorded in the same 180 days.
- BearOver three months the share price changed +13% and the median of 66 Energy companies changed +10%: ahead by 3 points. Counted for the bear side from 20 points behind.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
65.3 / 100
Latest recorded score
↑ +15.3 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
- Role+2.0 pts
- Recency+6.8 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 46.2
- 51.6
- 62.2
- 66.0
- 65.3
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 46.2 |
| 2026-08-27 | 46.2 |
| 2026-08-28 | 55.6 |
| 2026-08-31 | 54.1 |
| 2026-09-01 | 53.7 |
| 2026-09-02 | 53.2 |
| 2026-09-03 | 52.9 |
| 2026-09-04 | 52.5 |
| 2026-09-07 | 51.6 |
| 2026-09-08 | 51.3 |
| 2026-09-09 | 51.0 |
| 2026-09-10 | 50.8 |
| 2026-09-11 | 50.6 |
| 2026-09-14 | 50.0 |
| 2026-09-23 | 64.7 |
| 2026-09-24 | 64.1 |
| 2026-09-25 | 63.6 |
| 2026-09-28 | 62.2 |
| 2026-09-29 | 61.7 |
| 2026-09-30 | 61.4 |
| 2026-10-01 | 61.0 |
| 2026-10-02 | 60.7 |
| 2026-10-03 | 60.7 |
| 2026-10-04 | 60.7 |
| 2026-10-05 | 59.8 |
| 2026-10-06 | 66.0 |
| 2026-10-07 | 66.0 |
| 2026-10-08 | 66.0 |
| 2026-10-09 | 65.3 |
| 2026-10-12 | 66.0 |
| 2026-10-13 | 65.3 |
| 2026-10-14 | 66.0 |
| 2026-10-15 | 66.0 |
| 2026-10-16 | 66.0 |
| 2026-10-18 | 65.3 |
Sector context
- Buying breadth
- 6.1% (10 / 165 issuers)
- Sector rank
- #10 / 12
- 7D breadth change
- -0.7 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 − Oslo Bors Benchmark 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 | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +6.8% | +6.5% | -0.4% |
| 20D | 0No data | Awaiting maturity | — | — | — | — |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 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) | 0.0% (0/1) | -5.7% | -5.7% | -5.7% |
| 20D | 0No data | Awaiting maturity | — | — | — | — |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 61.6%
- Beta
- 1.07
- Avg daily volume
- $24.2M
VALUATION
- Market cap
- $1.3B
- P/E
- —
FUNDAMENTALS
- Profit margin
- -24.0%
- ROE
- -24.7%
- Industry
- Oil & Gas Drilling
Prices to 18 Oct 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 06 Oct 2026: Market cap, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
- Disclosed total
- 7.52%
- Named holders
- 4
- Latest position date
- 14 Oct 2026
| Holder | Net short, % of issued share capital | Position date |
|---|---|---|
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 4.30% | 14 Oct 2026 |
| AQR CAPITAL MANAGEMENT, LLC | 2.08% | 13 Oct 2026 |
| D. E. Shaw & Co. (London), LLP | 0.61% | 06 Oct 2026 |
| FIL Investment Management (Hong Kong) Limited | 0.53% | 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: Finanstilsynet · 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
No purchase price could be compared with the share price (price or share count missing, another currency, or far from that day's close).
Buying size vs market trading
Some purchases lack a valid value; aggregate ratio withheld.
Market-data coverage: 509 verified sessions · Latest session: 2026-10-16 · Ratio status: Unavailable
Recent and largest purchase events / preceding 60-session ADTV
- Oct 16 · Drew Holdings Ltd. · Close associate of director Tor Olav Trøim— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 15 · Drew Holdings Ltd. · Close associate of director Tor Olav Trøim— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 14 · Drew Holdings Ltd. · Close associate of director Tor Olav Trøim— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 12 · Drew Holdings Ltd. · Close associate of director Tor Olav Trøim— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 08 · Drew Holdings Ltd. · Close associate of director Tor Olav Trøim— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 07 · Drew Holdings Ltd. · Close associate of director Tor Olav Trøim— · —Some purchases lack a valid value; aggregate ratio withheld.
- Oct 06 · Drew Holdings Ltd. · Close associate of director Tor Olav Trøim— · —Some purchases lack a valid value; aggregate ratio withheld.
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
News capture status: ok. Articles were retained for audit but none met the reader threshold.
Regulatory filings
- Insider filing announcement · published 2026-10-16 · trade date 2026-10-16
- Insider filing announcement · published 2026-10-15 · trade date 2026-10-15
- Insider filing announcement · published 2026-10-14 · trade date 2026-10-14
Unfold all 14 filings
- Insider filing announcement · published 2026-10-16 · trade date 2026-10-16
- Insider filing announcement · published 2026-10-15 · trade date 2026-10-15
- Insider filing announcement · published 2026-10-14 · trade date 2026-10-14
- Insider filing announcement · published 2026-10-12 · trade date 2026-10-12
- Insider filing announcement · published 2026-10-08 · trade date 2026-10-08
- Insider filing announcement · published 2026-10-07 · trade date 2026-10-07
- Insider filing announcement · published 2026-10-06 · trade date 2026-10-06
- Insider filing announcement · published 2026-09-21 · trade date 2026-09-21
- Insider filing announcement · published 2026-09-18 · trade date 2026-09-18
- Insider filing announcement · published 2026-09-17 · trade date 2026-09-17
- Insider filing announcement · published 2026-08-25 · trade date 2026-08-25
- Insider filing announcement · published 2026-08-17 · trade date 2026-08-17
- Insider filing announcement · published 2026-08-14 · trade date 2026-08-14
- Insider filing announcement · published 2026-03-25 · trade date 2026-03-25
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
14 qualifying purchase disclosure(s) · 14 transaction line(s)
Oct 16, 2026Kjøp
Drew Holdings Ltd. · Close associate of director Tor Olav Trøim
Aksje · 500000 shares × — · —
Open filingOct 15, 2026Kjøp
Drew Holdings Ltd. · Close associate of director Tor Olav Trøim
Aksje · 750000 shares × — · —
Open filingOct 14, 2026Kjøp
Drew Holdings Ltd. · Close associate of director Tor Olav Trøim
Aksje · 1500000 shares × — · —
Open filingUnfold all 11 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-10-12 | 2026-10-12 | Drew Holdings Ltd. | Close associate of director Tor Olav Trøim | Kjøp | Aksje | — | NOK | 2500000 | — | Open filing |
| 2026-10-08 | 2026-10-08 | Drew Holdings Ltd. | Close associate of director Tor Olav Trøim | Kjøp | Aksje | — | NOK | 1250000 | — | Open filing |
| 2026-10-07 | 2026-10-07 | Drew Holdings Ltd. | Close associate of director Tor Olav Trøim | Kjøp | Aksje | — | NOK | 1500000 | — | Open filing |
| 2026-10-06 | 2026-10-06 | Drew Holdings Ltd. | Close associate of director Tor Olav Trøim | Kjøp | Aksje | — | NOK | 1500000 | — | Open filing |
| 2026-09-21 | 2026-09-21 | Bruno Morand | Chief Executive Officer | Kjøp | Aksje | 4.4 USD | USD | 45500 | — | Open filing |
| 2026-09-18 | 2026-09-18 | — | — | Kjøp | Aksje | 4.3795 USD | USD | 150000 | — | Open filing |
| 2026-09-17 | 2026-09-17 | Magnus Vaaler | CFO | Kjøp | Aksje | 4.2995 USD | USD | 1000000 | — | Open filing |
| 2026-08-25 | 2026-08-25 | Magnus Vaaler | CFO | Kjøp | Aksje | 4.3731 USD | USD | 200000 | — | Open filing |
| 2026-08-17 | 2026-08-17 | Magnus Vaaler | CFO | Kjøp | Aksje | 4.3868 USD | USD | 500000 | — | Open filing |
| 2026-08-14 | 2026-08-14 | Magnus Vaaler | CFO | Kjøp | Aksje | 4.0245 USD | USD | 1500000 | — | Open filing |
| 2026-03-25 | 2026-03-25 | Magnus Vaaler | CFO | Kjøp | Aksje | 5.1958 USD | USD | 500000 | — | Open filing |
Showing 14 of 14 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
- BORR
- ISIN
- BMG1466R1732
- Sector
- Energy
- Industry
- Oil & Gas Drilling
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