Snapshot date: 2026-10-18 · Built: 2026-10-19T15:08:42+00:00 · Publication status: PASS

COMPANY RESEARCH

Alcadon Group AB

ALCA.ST · Sweden · Technology · Communication Equipment

INSIDER SIGNAL

Insider activity score：56.7 / 100

3 insiders · 7 purchase events · €3.68m net purchases

Europe #397 · Sweden #112

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+24.5 / 25

Purchase value relative to company size and liquidity

Role+20.0 / 20

The seniority and relevance of participating insiders

Recency+1.2 / 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 · ceo/chair involved

The role contribution uses the inverted role input of the current European model.

BUYING PROFILE

7 events · 3 insiders · 180d

Cluster 71%Repeat 29%Independent 0%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

98%

Largest buyer：Investment Aktiebolaget Spiltan · 40.20m SEK
Gross qualified purchase transaction-line value：41.01m SEK

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
mikael vaezi	30–30.5 SEK	Sep 16, 2026
mikael vaezi	30.1–30.6 SEK	Sep 10, 2026
Investment Aktiebolaget Spiltan	27.75 SEK	Sep 9, 2026

Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count): 2 distinct reported filers
Peak time window: 2026-04-29 to 2026-04-30
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
mikael vaezi · 243k SEK · Price 30–30.5 SEK · Sep 16, 2026
🟢 Eligible purchase
mikael vaezi · 244k SEK · Price 30.1–30.6 SEK · Sep 10, 2026
🟢 Large eligible purchase
Investment Aktiebolaget Spiltan · 28.28m SEK · Price 27.75 SEK · Sep 9, 2026
🟡 4 remaining qualified transaction line(s) across 4 disclosure(s)
🔴 2 other transaction line(s) are not counted as discretionary-buying evidence; 0 have zero price

Insider vs stock price

7 purchase day(s), 25 purchase line(s) in the 180-day window.

Daily close (SEK)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.

Amount put in (SEK)

Made public	Insiders	In this stock, now	In the median peer stock, now	Difference
2026-05-04	2	799 −20.1%	950 −5.0%	−151 −15.1 pts
2026-05-20	1	846 −15.4%	924 −7.6%	−78 −7.8 pts
2026-06-10	1	902 −9.8%	953 −4.7%	−51 −5.1 pts
2026-09-10	1	929 −7.1%	959 −4.1%	−30 −3.0 pts
2026-09-11	1	923 −7.7%	956 −4.4%	−33 −3.3 pts
2026-09-16	1	941 −5.9%	967 −3.3%	−26 −2.6 pts

0 of 6 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 (439 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

2 insiders bought within 2 days, 29 Apr to 30 Apr: 2 CEO / chair. 2 of them bought again later. 1 more bought afterwards. The share closed at 34.00 on the first of those days and at 28.60 most recently (−15.9%). That week 203 companies across Europe disclosed insider purchases, an ordinary week (8 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.

▮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 Apr – 30 Apr, with 2 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, −13.3% over these six months

The closing price of each day, from 33.00 on 2026-04-21 to 28.60 on 2026-10-07. 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, −9.1%

Taken from the 457 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 −13.3%, the typical one −9.1%, 4.3 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: 203 companies, number 8 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

Dec

Jan

Feb

2Mar

2Apr

1May

1Jun

Jul

Aug

2Sep

Oct

Darker bars are inside the 180-day window above.

Who traded

Insider	Role	Purchases	Sales	Bought	First purchase	Share price since	Earlier purchases
Fredrik Valentin	CEO / chair	2	—	316.9k SEK	2026-04-29	−15.9%	9 completed, median −4.7% against peers after 60 sessions
Investment Aktiebolaget Spiltan	CEO / chair	3	—	40.2M SEK	2026-04-30	−12.0%	5 completed, median −12.7% against peers after 60 sessions
mikael vaezi	Board member	2	—	486.6k SEK	2026-09-10	−7.1%	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%	0.600	21.0
Qualified-buy size	25%	0.980	24.5
Role informativeness (inverted)	20%	0.000	0.0
Recency	10%	0.117	1.2
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 bear side: loss-making. 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 (large purchases, senior executive buying), while company results argue against (loss-making). No data is held for: company actions.

The insider purchases themselvesBulllarge purchases, senior executive buying Bearvalue concentrated in one buyer, usual level for this company, buyer's past purchases trailed the benchmark4 checked, under the threshold · 2 missing
Share price and trading2 checked, under the threshold
Short sellers1 checked, under the threshold
Company resultsBearloss-making1 missing
Company actionsno data held

Bull case · the buying is informative

Net purchases of €3.7M equal 5.7% of the company's market value (€64.9M): 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%).

Bear case · discount it

Investment Aktiebolaget Spiltan accounts for 98% of the value bought. The other 2 buyers add names more than money.Record: after 3,396 earlier disclosures like this, the median 60-session excess return was −3.4%, within 1 percentage point of all comparable disclosures (−3.5%).
Buying at this level is normal here: 3 insiders bought in the previous 180 days and 3 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%).
Company resultsThe company is loss-making on the latest captured figures: profit margin −0.23%.
The 9 earlier purchases by Fredrik Valentin trailed OMX Stockholm 30 by a median 4.7% over the following 60 trading days.

Evidence still missing

Only one reading of profitability is held (profit margin −0.23%). 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 25 purchase lines mentions a plan, but a bare “Förvärv” 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: 7, 2 close to it

BullAt most 2 insiders bought within any 15 days. Counted for the bull side from 3. close to the threshold
Bear1 of 3 buyers filed as a person closely associated with a manager. Counted for the bear side from half. close to the threshold
BearNo insider sale is recorded in the same 180 days.
EitherThe latest purchase is 31 days old. Bull up to 14 days, bear from 90.
BearThe share price changed −13% over six months (three months −8.3%, one month −3.1%) and stands 25% below its 52-week high. Counted for the bear side from a fall of 20%.
BearOver three months the share price changed −8.3% and the median of 330 Technology companies changed −2.4%: behind by 6 points. Counted for the bear side from 20 points behind.
BearThe register of Finansinspektionen 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

56.7 / 100

Latest recorded score

↓ -15.1 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-8.8 pts
Recency-6.4 pts

Signal score history

Fixed 0–100 scale; dates are spaced by calendar time.

Recent recorded points

Aug 26, 202662.6
Sep 7, 202662.3
Sep 28, 202668.6
Oct 7, 202657.8
Oct 18, 202656.7

View all recorded scores

Snapshot date	Signal score
2026-08-26	62.6
2026-08-27	62.6
2026-08-28	62.4
2026-08-31	62.4
2026-09-01	62.4
2026-09-02	62.4
2026-09-03	62.4
2026-09-04	62.4
2026-09-07	62.3
2026-09-08	62.3
2026-09-09	62.3
2026-09-10	73.6
2026-09-11	73.6
2026-09-14	71.8
2026-09-23	70.4
2026-09-24	70.0
2026-09-25	69.6
2026-09-28	68.6
2026-09-29	59.5
2026-09-30	59.3
2026-10-01	59.0
2026-10-02	58.8
2026-10-03	58.8
2026-10-04	58.8
2026-10-05	58.2
2026-10-06	58.0
2026-10-07	57.8
2026-10-08	57.7
2026-10-09	57.5
2026-10-12	57.1
2026-10-13	57.0
2026-10-14	56.9
2026-10-15	56.8
2026-10-16	56.8
2026-10-18	56.7

Sector context

Technology

Buying breadth: 6.0% (44 / 734 issuers)
Sector rank: #12 / 12
7D breadth change: -1.2 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.

View Europe sector research →

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 Stockholm 30 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.

Magnus LarssonAnnan ledande befattningshavare | Annan medlem i bolagets administrations-, lednings- eller kontrollorgan | Verkställande direktör (VD)15 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	15Developing evidence	100.0% (15/15)	73.3% (11/15)	+2.0%	+6.2%	-12.1%
20D	15Developing evidence	100.0% (15/15)	86.7% (13/15)	+12.4%	+14.4%	-9.2%
60D	15Developing evidence	100.0% (15/15)	40.0% (6/15)	-11.1%	-4.1%	-25.6%
120D	15Developing evidence	100.0% (15/15)	13.3% (2/15)	-29.6%	-18.3%	-51.5%

First purchase in 12M

2/14

Large purchase ≥ €100k

0/15

Cluster buying · 15D

7/15

Buying the dip · ≥20% below prior 52W high

14/14

Routine / opportunistic

Not classifiable

Fredrik ValentinVerkställande direktör (VD)9 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	9Developing evidence	100.0% (9/9)	22.2% (2/9)	-3.8%	-2.6%	-8.3%
20D	9Developing evidence	100.0% (9/9)	33.3% (3/9)	-2.0%	-1.3%	-13.0%
60D	9Developing evidence	100.0% (9/9)	33.3% (3/9)	-4.7%	-5.7%	-25.7%
120D	7Developing evidence	100.0% (7/7)	57.1% (4/7)	+1.7%	+6.9%	-24.5%

First purchase in 12M

0/8

Large purchase ≥ €100k

0/9

Cluster buying · 15D

3/9

Buying the dip · ≥20% below prior 52W high

6/9

Routine / opportunistic

Not classifiable

Investment Aktiebolaget SpiltanVerkställande direktör (VD) | Verkställande direktör (VD), Styrelseledamot6 completed 20D event(s)

Period	Completed events	Price coverage	Hit rate	Median excess return	Average excess return	Worst excess return
5D	6Developing evidence	66.7% (6/9)	33.3% (2/6)	-1.5%	-1.0%	-4.8%
20D	6Developing evidence	66.7% (6/9)	33.3% (2/6)	-4.4%	-1.8%	-11.5%
60D	5Developing evidence	62.5% (5/8)	20.0% (1/5)	-12.7%	-7.9%	-18.3%
120D	2Small sample	40.0% (2/5)	50.0% (1/2)	-1.8%	-1.8%	-10.6%

First purchase in 12M

0/5

Large purchase ≥ €100k

8/9

Cluster buying · 15D

4/9

Buying the dip · ≥20% below prior 52W high

2/6

Routine / opportunistic

Not classifiable

Market context

PRICE PERFORMANCE

-3.1%

-8.3%

-13.1%

12M

—

VOLATILITY & LIQUIDITY

Volatility: 36.4%
Beta: 0.66
Avg daily volume: SEK 830,286.6

VALUATION

Market cap: SEK 723.1M
P/E: 16.3×

FUNDAMENTALS

Profit margin: -0.2%
ROE: 5.5%
Industry: Communication Equipment

Prices to 07 Oct 2026: price cache (Eulerpool). From OpenBB/yfinance, captured 16 Oct 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.

Disclosed net short positions

The Finansinspektionen 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

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: 250 verified sessions · Latest session: 2026-10-07 · 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

31 qualifying purchase disclosure(s) · 31 transaction line(s)

Sep 16, 2026Förvärv

mikael vaezi · Styrelseledamot

Aktie · 252.0 shares × 30.00 SEK · —

Sep 16, 2026Förvärv

mikael vaezi · Styrelseledamot

Aktie · 129.0 shares × 30.00 SEK · —

Sep 16, 2026Förvärv

mikael vaezi · Styrelseledamot

Aktie · 178.0 shares × 30.10 SEK · —

Unfold all 28 remaining filing row(s)

Transaction date	Published	Filer	Role	Transaction	Instrument	Price (local currency)	Quote currency	Volume	Source
2026-09-16	2026-09-16	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.30 SEK	SEK	100.0	—
2026-09-16	2026-09-16	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.30 SEK	SEK	3900.0	—
2026-09-16	2026-09-16	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.40 SEK	SEK	100.0	—
2026-09-16	2026-09-16	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.40 SEK	SEK	1000.0	—
2026-09-16	2026-09-16	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.50 SEK	SEK	1033.0	—
2026-09-16	2026-09-16	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.50 SEK	SEK	1308.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.40 SEK	SEK	284.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.10 SEK	SEK	59.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.60 SEK	SEK	1467.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.60 SEK	SEK	1030.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.60 SEK	SEK	777.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.40 SEK	SEK	300.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.30 SEK	SEK	1951.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.10 SEK	SEK	122.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.20 SEK	SEK	241.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.60 SEK	SEK	1469.0	—
2026-09-10	2026-09-11	mikael vaezi	Styrelseledamot	Förvärv	Aktie	30.10 SEK	SEK	300.0	—
2026-09-09	2026-09-10	Investment Aktiebolaget Spiltan	Verkställande direktör (VD)	Förvärv	Aktie	27.75 SEK	SEK	1018940.0	—
2026-06-10	2026-06-10	Fredrik Valentin	Verkställande direktör (VD)	Förvärv	Aktie	31.20 SEK	SEK	3880.0	—
2026-05-19	2026-05-20	Investment Aktiebolaget Spiltan	Verkställande direktör (VD)	Förvärv	Aktie	33.0 SEK	SEK	119020.0	—
2026-04-30	2026-05-04	Investment Aktiebolaget Spiltan	Verkställande direktör (VD)	Förvärv	Aktie	32.0 SEK	SEK	250000.0	—
2026-04-29	2026-05-04	Fredrik Valentin	Verkställande direktör (VD)	Förvärv	Aktie	32.0 SEK	SEK	6120.0	—
2026-03-10	2026-03-10	Fredrik Valentin	Verkställande direktör (VD)	Förvärv	Aktie	29.70 SEK	SEK	1521.0	—
2026-03-09	2026-03-10	Fredrik Valentin	Verkställande direktör (VD)	Förvärv	Aktie	28.70 SEK	SEK	3479.0	—
2026-03-09	2026-03-10	Pierre Fors	Styrelseordförande	Förvärv	Aktie	29.65 SEK	SEK	10000.0	—
2026-03-06	2026-03-10	Fredrik Valentin	Verkställande direktör (VD)	Förvärv	Aktie	28.96 SEK	SEK	5000.0	—
2025-11-18	2025-11-19	Magnus Larsson	Annan ledande befattningshavare	Förvärv	Aktie	22.0 SEK	SEK	10000.0	—
2025-11-05	2025-11-05	Fredrik Valentin	Verkställande direktör (VD)	Förvärv	Aktie	21.25 SEK	SEK	30000.0	—

Showing 31 of 31 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)

May 13, 2026Förvärv

Fredrik Valentin · Verkställande direktör (VD)

Teckningsoption · 50000.0 shares × 6.65 SEK · —

May 13, 2026Förvärv

Adam Jonsson · Ekonomichef/finanschef/finansdirektör

Teckningsoption · 36000.0 shares × 6.65 SEK · —

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: ALCA.ST
ISIN: SE0008732218
Sector: Technology
Industry: Communication Equipment

Company logos by Parqet

Alcadon Group AB

WHY THIS SIGNAL?

Score anatomy

What is holding the score back?

BUYING PROFILE

Buying concentration

Key purchase quotes (filing currency)

Cluster breakdown (does not change the score)

What the filings show

Insider vs stock price

If you had followed the purchase

Insider timeline

This company: insiders buying per month, last 12 months

Who traded

Two readings of this buying

Where the evidence comes from

Bull case · the buying is informative

Bear case · discount it

Evidence still missing

Signal score history

Recent recorded points

Sector context

Insider profile outcomes

Market context

PRICE PERFORMANCE

VOLATILITY & LIQUIDITY

VALUATION

FUNDAMENTALS

Disclosed net short positions

Insiders' buying price vs the latest close

Buying size vs market trading

Latest news

Regulatory filings

Filing evidence

Other disclosed transactions · excluded from score

Snapshot & identity

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