| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 2Small sample | 100.0% (2/2) | 0.0% (0/2) | -2.7% | -2.7% | -4.4% |
| 20D | 2Small sample | 100.0% (2/2) | 50.0% (1/2) | +4.3% | +4.3% | -1.6% |
| 60D | 2Small sample | 100.0% (2/2) | 50.0% (1/2) | -2.6% | -2.6% | -5.5% |
| 120D | 2Small sample | 100.0% (2/2) | 0.0% (0/2) | -21.0% | -21.0% | -41.9% |
COMPANY RESEARCH
Tomra Systems ASA
TOM.OL · Norway · Industrials · Waste Management
INSIDER SIGNAL
Insider activity score：62.3 / 100
4 insiders · 4 purchase events · €48k net purchases
Europe #237 · Norway #10
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+29.8 / 35
How many distinct insiders bought in the cluster
Purchase size+17.5 / 25
Purchase value relative to company size and liquidity
Role+15.0 / 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?
- ⚠ Purchase activity is becoming less recent
- ✓ Broad buyer cluster · 4+ distinct filers
- ✓ Strong insider role · c-suite involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
37%
Largest buyer：Kathleen Wantz-O’Rourke · 187k NOK
Gross qualified purchase transaction-line value：510k NOK
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 |
|---|---|---|
| Pierre Couderc | 103 NOK | Jul 30, 2026 |
| Kathleen Wantz-O’Rourke | 96.25 NOK | Jun 12, 2026 |
| B odil Sonesson / Sonesson Advisory AB | 95.819 NOK | Jun 12, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 3 distinct reported filers
- Peak time window
- 2026-05-29 to 2026-06-12
- Current breadth input
- 0.850 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Pierre Couderc · 165k NOK · Price 103 NOK · Jul 30, 2026 - 🟢 Eligible purchase
Kathleen Wantz-O’Rourke · 187k NOK · Price 96.25 NOK · Jun 12, 2026 - 🟢 Large eligible purchase
B odil Sonesson / Sonesson Advisory AB · 158k NOK · Price 95.819 NOK · Jun 12, 2026 - 🟡 1 remaining qualified transaction line(s) across 1 disclosure(s)
Insider vs stock price
3 purchase day(s), 4 purchase line(s) in the 180-day window.
Daily close (NOK)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 |
|---|---|---|---|---|
| 2026-05-29 | 1 | 930 −7.0% | 984 −1.6% | −54 −5.4 pts |
| 2026-06-12 | 1 | 945 −5.5% | 996 −0.4% | −52 −5.2 pts |
| 2026-06-15 | 1 | 922 −7.8% | 986 −1.4% | −64 −6.4 pts |
| 2026-07-30 | 1 | 859 −14.1% | 988 −1.2% | −129 −12.9 pts |
0 of 4 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 (92 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 15 days, 29 May to 12 Jun: 2 Board member, 1 Executive. 1 more bought afterwards. The share closed at 97.10 on the first of those days and at 90.30 most recently (−7.0%). That week 237 companies across Europe disclosed insider purchases, more than in 81% of the last 26 weeks: insiders often buy together when a closed period ends, so the timing alone says less than it seems.
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.
▮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 29 May – 12 Jun, 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, −27.2% over these six months
The closing price of each day, from 124.00 on 2026-04-21 to 90.30 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, −7.7%
Taken from the 100 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 −27.2%, the typical one −7.7%, 19.5 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: 237 companies, number 4 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
2Nov
1Dec
1Jan
Feb
1Mar
Apr
1May
2Jun
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 |
|---|---|---|---|---|---|---|---|
| Anika Jovik | Executive | 1 | — | 30 NOK | 2026-05-29 | −7.0% | fewer than 5 completed |
| B odil Sonesson / Sonesson Advisory AB | Board member | 1 | — | 158.1k NOK | 2026-06-12 | −5.5% | fewer than 5 completed |
| Kathleen Wantz-O’Rourke | Board member | 1 | — | 187.2k NOK | 2026-06-12 | −5.5% | fewer than 5 completed |
| Pierre Couderc | Board member | 1 | — | 164.8k NOK | 2026-07-30 | −14.1% | 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% | 0.850 | 29.8 |
| Qualified-buy size | 25% | 0.699 | 17.5 |
| Role informativeness (inverted) | 20% | 0.250 | 5.0 |
| 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, 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 (several insiders together, senior executive buying), while share price and trading argue against (price down over six months); short sellers argue against (published short positions). No data is held for: company results, company actions.
- The insider purchases themselvesBullseveral insiders together, senior executive buying Bearusual level for this company5 checked, under the threshold · 3 missing
- Share price and tradingBearprice down over six months1 checked, under the threshold
- Short sellersBearpublished short positions
- Company results2 missing
- Company actions1 missing
Bull case · the buying is informative
- 3 insiders bought within 15 days (2026-05-29 to 2026-06-12). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,401 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−3.3%).
- The buyers include a senior executive, 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%).
Bear case · discount it
- Buying at this level is normal here: 5 insiders bought in the previous 180 days and 4 in this one.Record: after 2,869 earlier disclosures like this, the median 60-session excess return was −2.6%, within 1 percentage point of all comparable disclosures (−2.7%).
- Share price and tradingThe share price is down 25% over six months (three months −6.7%, one month −4.8%) and stands 39% below its 52-week high. Insiders have bought into a fall the market has not reversed.Record (nearest stored case: price 20% or more below its prior 52-week high): after 11,077 earlier disclosures like this, the median 60-session excess return was −3.2%, within 1 percentage point of all comparable disclosures (−2.6%).
- Short sellersDisclosed net short positions total 3.57% of the share capital across 4 named holders: other professional investors are positioned the opposite way. On 2026-10-02 it was 3.50%: up 0.07 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.
- 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 next scheduled results are on 2026-10-23. They are the first hard test of either reading.
- 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 4 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: 6, 1 close to it
- EitherThe latest purchase is 79 days old. Bull up to 14 days, bear from 90. close to the threshold
- BearThe largest buyer accounts for 37% of the value bought. Counted for the bear side from 80%.
- Bear0 of 4 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- EitherNet purchases of €48k in 180 days. Bull from €1.0M, bear when all purchases total under €25k.
- BearNo insider sale is recorded in the same 180 days.
- BearOver three months the share price changed −6.7% and the median of 462 Industrials companies changed −0.32%: behind by 6 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
62.3 / 100
Latest recorded score
↓ -0.3 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.
- Recency-0.4 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 70.4
- 62.9
- 62.3
- 62.3
- 62.3
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 70.4 |
| 2026-08-27 | 68.4 |
| 2026-08-28 | 65.4 |
| 2026-08-31 | 63.3 |
| 2026-09-01 | 63.2 |
| 2026-09-02 | 63.1 |
| 2026-09-03 | 63.1 |
| 2026-09-04 | 63.0 |
| 2026-09-07 | 62.9 |
| 2026-09-08 | 62.8 |
| 2026-09-09 | 62.8 |
| 2026-09-10 | 62.7 |
| 2026-09-11 | 62.7 |
| 2026-09-14 | 62.6 |
| 2026-09-23 | 62.4 |
| 2026-09-24 | 62.4 |
| 2026-09-25 | 62.4 |
| 2026-09-28 | 62.3 |
| 2026-09-29 | 62.3 |
| 2026-09-30 | 62.3 |
| 2026-10-01 | 62.3 |
| 2026-10-02 | 62.3 |
| 2026-10-03 | 62.3 |
| 2026-10-04 | 62.3 |
| 2026-10-05 | 62.3 |
| 2026-10-06 | 62.3 |
| 2026-10-07 | 62.3 |
| 2026-10-08 | 62.3 |
| 2026-10-09 | 62.3 |
| 2026-10-12 | 62.3 |
| 2026-10-13 | 62.3 |
| 2026-10-14 | 62.3 |
| 2026-10-15 | 62.3 |
| 2026-10-16 | 62.3 |
| 2026-10-18 | 62.3 |
Sector context
- Buying breadth
- 7.5% (79 / 1,047 issuers)
- Sector rank
- #8 / 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 − 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 | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +1.7% | +1.7% | +0.6% |
| 20D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +4.1% | +4.1% | +0.5% |
| 60D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -5.1% | -5.1% | -5.1% |
| 120D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -46.0% | -46.0% | -46.0% |
| 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) | -1.6% | -1.6% | -1.6% |
| 20D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +2.2% | +2.2% | +2.2% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +6.9% | +6.9% | +6.9% |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 42.3%
- Beta
- —
- Avg daily volume
- NOK 55.7M
VALUATION
- Market cap
- —
- P/E
- —
FUNDAMENTALS
- Profit margin
- 7.0%
- ROE
- 15.6%
- Industry
- —
Prices to 11 Oct 2026: OpenBB/yfinance; volume from price cache (yfinance). From the company's annual report ↗, fiscal year ended 31 Dec 2024: Profit margin, ROE. It does not affect the insider score or rank.
Disclosed net short positions
- Disclosed total
- 3.57%
- Named holders
- 4
- Latest position date
- 07 Oct 2026
| Holder | Net short, % of issued share capital | Position date |
|---|---|---|
| JPMORGAN ASSET MANAGEMENT (UK) LIMITED | 1.59% | 30 Jul 2026 |
| ALAMUT INVESTMENT MANAGEMENT LLP | 0.71% | 06 Oct 2026 |
| CAPITAL FUND MANAGEMENT | 0.68% | 07 Oct 2026 |
| AQR CAPITAL MANAGEMENT, LLC | 0.59% | 20 Aug 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
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: 501 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
- Insider filing announcement · published 2026-07-30 · trade date 2026-07-30
- Insider filing announcement · published 2026-06-15 · trade date 2026-06-12
- Insider filing announcement · published 2026-06-12 · trade date 2026-06-12
Unfold all 9 filings
- Insider filing announcement · published 2026-07-30 · trade date 2026-07-30
- Insider filing announcement · published 2026-06-15 · trade date 2026-06-12
- Insider filing announcement · published 2026-06-12 · trade date 2026-06-12
- Insider filing announcement · published 2026-05-29 · trade date 2026-05-29
- Insider filing announcement · published 2026-03-02 · trade date 2026-03-02
- Insider filing announcement · published 2026-01-07 · trade date 2026-01-07
- Insider filing announcement · published 2025-12-17 · trade date 2025-12-17
- Insider filing announcement · published 2025-11-10 · trade date 2025-11-10
- Insider filing announcement · published 2025-11-03 · trade date 2025-11-03
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)
Jul 30, 2026Kjøp
Pierre Couderc · Member of the Board
Aksje · 1600 shares × 103 NOK · 164800 NOK
Open filingJun 12, 2026Kjøp
Kathleen Wantz-O’Rourke · Member of the Board
Aksje · 1945 shares × 96.25 NOK · 187206.25 NOK
Open filingJun 12, 2026Kjøp
B odil Sonesson / Sonesson Advisory AB · Member of the Board
Aksje · 1650 shares × 95.819 NOK · 158101.35 NOK
Open filingUnfold all 6 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | 2026-05-29 | Anika Jovik | EVP Strategy | Kjøp | Aksje | 0.099199 NOK | NOK | 301 | 29.859 NOK | Open filing |
| 2026-03-02 | 2026-03-02 | Erik Osmundsen | board member and primary insider | Kjøp | Aksje | 115.09 NOK | NOK | 9800 | — | Open filing |
| 2026-01-07 | 2026-01-07 | Hege Skryseth | board member and primary insider | Kjøp | Aksje | 138.48 NOK | NOK | 1080 | — | Open filing |
| 2025-12-17 | 2025-12-17 | Bodil Sonesson | board member and primary insider | Kjøp | Aksje | 133.75 NOK | NOK | 1200 | — | Open filing |
| 2025-11-10 | 2025-11-10 | Johan Hjertonsson | chairman | Kjøp | Aksje | 121.7 NOK | NOK | 10000 | — | Open filing |
| 2025-11-03 | 2025-11-03 | Pierre Couderc | member | Kjøp | Aksje | 123.2 NOK | NOK | 1168 | — | Open filing |
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
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
- TOM.OL
- ISIN
- NO0012470089
- Sector
- Industrials
- Industry
- Waste Management
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