No insider purchase over the last 90 days. The latest was filed 29 May 2026.
learnd SE is a Business Services company. Its directors and officers file their transactions with BaFin. The last twelve months, up to 18 October 2026, brought 16 filings signed by 5 insiders.
Only purchases show up on the open market, 12 purchases in all worth €157k, filed by 4 insiders. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Among those who bought: 3 board members and 1 senior executive. One trade stands out by size: a purchase of €100k from Rühl, Gisbert, disclosed on 7 January 2026.
For context, the typical company on the same exchange (median of 287 companies) published 5 filings over the same period, against 16 filings here. Since 2025, the database holds 15 purchases and no sales by insiders of the company.
In all, 2 purchases were made within 30 days of a purchase by another insider of the company. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. The last insider purchase was made public on 29 May 2026, 141 days ago. Between a trade and the moment it shows up on BaFin, the median delay is 6 days. The regulation allows three business days to notify a trade (MAR article 19).
In the same sector, recent insider purchases at Coursera, Inc. also feature in our signals. Source: insider filings from BaFin. Past trades are no guide to future returns.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
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learnd SE is a European listed company traded on Xetra/Frankfurt (DAX/MDAX/SDAX) in Germany, within the General Standard segment of the Frankfurt Stock Exchange. For French-speaking investors, it is important to understand that the company has evolved significantly in recent years. It was originally formed in Luxembourg in 2021 as GFJ ESG Acquisition I SE, a SPAC-style acquisition vehicle, and then renamed learnd SE after completing a business combination with learnd Ltd on 18 January 2023. The company’s registered headquarters are in Luxembourg, while the operating footprint spans Germany, the United Kingdom and Luxembourg through its subsidiaries and investments.
The most important strategic shift came on 8 October 2025, when learnd SE completed a management buy-out (MBO) that transformed the group into a European investment holding company. In that transaction, learnd SE sold 50.5% of its operating subsidiary learnd Limited to learnd Arrow Limited, a vehicle indirectly controlled by the company’s former management board members and founders, John Clifford and Simon Wood. Following the transaction, learnd SE retained a 49.5% minority stake in the learnd UK and Ireland Group, which is now accounted for as an associate under the equity method. This makes the current equity story materially different from a conventional operating industrial or software company: the value proposition is increasingly driven by the performance of a strategic minority investment.
From an operating perspective, the core underlying business remains the learnd UK and Ireland Group, which focuses on intelligent building management and energy-efficiency technologies. The group develops and provides cloud-based building management systems designed to help commercial property owners and operators optimise energy usage, lower operating costs and improve sustainability. The latest disclosed operating metrics indicate a portfolio of more than 8,000 sites across a broad range of property types, with an energy capacity of approximately 3.9 TWh. That places learnd in a niche but structurally attractive market linked to building digitalisation, energy optimisation and decarbonisation.
Competitively, learnd operates in a fragmented market where scale, software integration, multi-site deployment capabilities and domain expertise are key differentiators. Its positioning is supported by secular demand for smarter and more efficient buildings, though the business remains relatively small and specialised compared with larger HVAC, automation or facilities-management players. The company has also pursued inorganic expansion, including the acquisition of Complete Energy Controls Ltd in 2023, which was intended to broaden customer reach and expertise.
Recent news flow is dominated by the FY 2025 results released on 1 May 2026. These results highlighted the successful strategic transformation into a holding company and an improved liquidity position, while also reflecting a large non-recurring disposal gain linked to the MBO. For equity investors, learnd SE should be viewed as a small-cap German-listed name on Frankfurt with exposure to smart-building technology, energy services and portfolio-value realisation rather than a pure-play operating software stock.
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