Loading
NFON AG Stock: price and insider trades · Germany
1 insider bought €2.1M of shares over the last 90 days, the latest filed 23 Sept 2026.
NFON AG: what insiders have been doing
NFON AG, classified in the Business Services sector, is a listed company based in Munich, Germany, founded in 2007. Its insiders report their share dealings to BaFin. From 18 October 2025 to 18 October 2026, the disclosure feed for NFON AG logged 6 filings by 3 insiders.
Open-market activity splits into 5 purchases totalling €5.9M and 1 sale totalling €2.1M; 2 insiders sit on the buying side and 1 insider on the selling side. Taken together, the purchases exceed the sales by €3.7M. Unlike grants, an open-market purchase is paid for by the insider, at the market price. The buyers include 1 board member. Milestone Venture Capital GmbH filed the largest purchase, €2.8M, on 26 January 2026.
Compared with its exchange (287 companies, median 5 filings), a count of 6 filings is above the norm. Looking back to 2025, when coverage begins, insiders filed 16 purchases and 1 sale.
The most recent open-market purchase was published on 23 September 2026, 24 days ago. Filings reach the BaFin feed a median of 6 days after the trade. The regulation allows three business days to notify a trade (MAR article 19).
Elsewhere in the same sector, our signals recently picked up insider purchases at Coursera, Inc. These figures are compiled from regulatory filings published by BaFin. They describe what insiders did and are not a recommendation.
Insider Decl.
17
Thresholds
n/a
Buy Volume
€7M
16 ops. · all time
Sell Volume
€2M
1 ops. · all time
Who traded when
BuySaleGünter Müller15 buys
Milestone Venture Capital GmbH2 buys
ASC Technologies AG1 sale
Since the insiders bought
- -14.4%Entry €3.96 · Close 16 Oct 2026 €3.39
- -37.2%Entry €5.40 · Close 16 Oct 2026 €3.39
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.
Fundamental score
Ranked 7,653 of 24,148 companies
60.7
score / 100
Value72
Quality50
FCF yld7.6%
Earn yld4.0%
EV/EBITDA6.5x
ROE1.2%
Gross mgn49%
Net mgn2.5%
Debt/EBITDA1.3x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€3.39
Analyst consensus
3 analysts2.33/5
€3.20Target €5.73(+69%)€9.00
Income statement
Revenue€89.1M
Gross profit€43.5M49% margin
EBITDA€11.0M12% margin
Net income€2.2M0.7% margin
Valuation
PER (trailing)56.5x
PER (forward)25.1x
P/Book1.3x
Beta0.60
Balance sheet & cash
Market cap€56.6M
Total debt€14.4M
Free Cash Flow€4.3M
Debt / Equity27%
Profitability & ownership
ROE1.2%
ROA2.7%
% insiders6.9%
% institutions83.3%
Last declaration on 23 September 2026
Declarations17 total
658,178 shares@ €3.253.53% mcap66.9% of flowShareISIN DE000A0N4N52BAFIN:40026829-8048ae7c7a89
Canonical exit: 17 Dec 2026 (T+90)
658,178 shares@ €3.253.53% mcap100.0% of flowShareISIN DE000A0N4N52BAFIN:40026829-8010c24cf5f8
800,000 shares@ €3.5076.2% of flowShareISIN DE000A0N4N52BAFIN:40026829-ec92e25f532f
Canonical exit: 20 Apr 2026 (T+90)
230,000 shares@ €3.8023.8% of flowShareISIN DE000A0N4N52BAFIN:40026829-e746a7208498
Canonical exit: 11 Mar 2026 (T+90)
1,405 shares@ €5.750.3% of flowShareXetraISIN DE000A0N4N52BAFIN:40026829-90eb0e2009f4
Canonical exit: 15 Jan 2026 (T+90)
6,573.571 shares@ €5.741.2% of flowShareXetraISIN DE000A0N4N52BAFIN:40026829-2cfed2763dc3
Canonical exit: 14 Jan 2026 (T+90)
1,126 shares@ €5.650.2% of flowShareXetraISIN DE000A0N4N52BAFIN:40026829-3e831faddeef
Canonical exit: 7 Jan 2026 (T+90)
10,003.361 shares@ €6.041.9% of flowShareXetraISIN DE000A0N4N52BAFIN:40026829-e928b9ee9d41
Canonical exit: 30 Dec 2025 (T+90)
10,000 shares@ €6.001.9% of flowShareXETRAISIN DE000A0N4N52BAFIN:40026829-f0a81a8caf6a
Canonical exit: 24 Dec 2025 (T+90)
20,028.434 shares@ €6.324.0% of flowShareXetraISIN DE000A0N4N52BAFIN:40026829-85c5e940fa50
Canonical exit: 16 Dec 2025 (T+90)
40,000 shares@ €6.508.1% of flowShareISIN DE000A0N4N52BAFIN:40026829-a4e7c4261a3c
Canonical exit: 9 Dec 2025 (T+90)
2,961.01 shares@ €6.250.6% of flowShareISIN DE000A0N4N52BAFIN:40026829-ab5530d593ce
Canonical exit: 4 Dec 2025 (T+90)
25,000 shares@ €6.505.1% of flowShareISIN DE000A0N4N52BAFIN:40026829-666817585696
Canonical exit: 9 Oct 2025 (T+90)
37,173.962 shares@ €6.347.4% of flowShareISIN DE000A0N4N52BAFIN:40026829-6cbb24e05009
Canonical exit: 25 Sept 2025 (T+90)
10,812.328 shares@ €6.072.1% of flowShareISIN DE000A0N4N52BAFIN:40026829-2bbd2a0802ce
Canonical exit: 18 Sept 2025 (T+90)
2,939 shares@ €6.050.6% of flowShareXetraISIN DE000A0N4N52BAFIN:40026829-4b33e3ec151d
Canonical exit: 10 Sept 2025 (T+90)
110 shares@ €5.900.0% of flowShareXetraISIN DE000A0N4N52BAFIN:40026829
Canonical exit: 4 Sept 2025 (T+90)
17 of 17 declarations
About NFON AG
NFON AG is a German enterprise communications company listed on Xetra/Frankfurt (DAX/MDAX/SDAX) in Germany, trading in the Prime Standard segment. Founded in 2007 and headquartered in Munich, the group evolved from a cloud-telephony specialist into a broader European provider of integrated business communications. For investors, the company is best understood as a recurring-revenue communications platform with a SaaS-like profile, supported by a partner-led go-to-market model and an emphasis on compliance, data security, and scalable service delivery.
NFON’s historical core was cloud telephony, and that remains an important part of the portfolio. Over time, the company broadened its offering to cover three main business lines: business telephony, intelligent assistant solutions, and customer engagement tools. Its flagship Cloudya platform sits at the center of the offering, providing cloud-based calling and communication workflows, while integrations with CRM and collaboration applications strengthen the product ecosystem. NFON positions these services as designed to simplify communication processes, improve productivity, and help organisations automate routine interactions. The company also highlights that its cloud services are operated from certified data centers in Germany, with a strong focus on GDPR compliance and data protection.
Read moreShow less
From a competitive standpoint, NFON describes itself as one of Europe’s leading providers of integrated cloud business communication. Its strategy, branded “NFON Next 2027,” is focused on sustainable growth through innovation, operational excellence, and the intelligent integration of AI. This matters strategically: the market for enterprise communications is still being digitised, and NFON’s pitch is that AI features can improve user experience, automate communication flows, and create additional value beyond traditional cloud telephony. The company also emphasises a scalable model, a large partner network, and a high proportion of recurring revenue, all of which are attractive characteristics in a competitive but structurally growing market.
Geographically, NFON is anchored in Munich, Germany, and has subsidiaries and branch operations across key European markets including Austria, the United Kingdom, Italy, Spain, France, Poland, Portugal, and Kosovo. This footprint supports both local market penetration and cross-border expansion across Europe.
Recent developments remain centered on execution of the new strategic plan and the increasing contribution of AI-based solutions. In April 2026, NFON confirmed its audited 2025 results, reporting revenue of EUR 89.1 million and adjusted EBITDA of EUR 12.6 million, while reiterating the importance of recurring revenue. Management also highlighted that AI-enabled business communications are becoming a new standard, reinforcing the company’s transition from classic cloud telephony toward a more differentiated, AI-driven communications platform.
Recent ranked signals in the same sector
Purchases our model currently ranks for the recommendations list.
All recommendations