Insiders Trades
Saipem SpA: what insiders have been doing
Every trade that managers of Saipem SpA disclose to Consob is tracked on this page. The company sits in the Energy sector. From 18 October 2025 to 18 October 2026, the disclosure feed for Saipem SpA logged 24 filings by 13 insiders.
No insider bought on the market over the period, while 11 insiders filed 13 sales totalling €5.2M. Alessandro Puliti filed the largest sale, €1.3M, on 8 July 2026, which represents 0.016% of the company's market value.
Compared with its exchange (224 companies, median 3 filings), a count of 24 filings is above the norm. Looking back to 2023, when coverage begins, insiders filed no purchases and 19 sales.
Between a trade and the moment it shows up on Consob, the median delay is 5 days. The regulation allows three business days to notify a trade (MAR article 19). Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
Other companies in the same sector with recent insider buying flagged by our signals: RGC Resources Inc and Empire Petroleum Corp. This summary is built from Consob disclosures alone and does not predict where the share price will go.
Insider Decl.
41
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€5M
19 ops. · all time
Who traded when
BuySaleNotification7 sales
Alessandro Puliti1 sale
Fabrizio Botta1 sale
Massimiliano Bellotti1 sale
Massimiliano Branchi1 sale
Ottavia Stella1 sale
+4 other insiders
Analyst consensus: bullish or bearish?
Analysts rate Saipem SpA Buy (bullish), based on 18 analysts. Average price target: €5.00.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 8,871 of 24,148 companies
58.1
score / 100
Value72
Quality44
FCF yld13%
Earn yld3.5%
EV/EBITDA7.2x
ROE11%
Gross mgn19%
Net mgn2.0%
Debt/EBITDA1.9x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€4.63
Analyst consensus
18 analystsBuy
€3.40Target €5.00(+8%)€6.00
Income statement
Revenue€15.5B
Gross profit€2.9B19% margin
EBITDA€1.7B11% margin
Net income€310.0M1.7% margin
Valuation
PER (trailing)35.6x
PER (forward)15.5x
P/Book3.9x
Beta1.59
Balance sheet & cash
Market cap€9.0B
Total debt€3.1B
Free Cash Flow€1.1B
Debt / Equity129%
Profitability & ownership
ROE10.9%
ROA2.7%
% insiders21.2%
% institutions53.6%
Last declaration on 14 October 2026
Declarations41 total
3,674 shares@ €4.5110.0002% mcap2.6% of flowShareXMILISIN IT0005495657CONSOB:190634
90,798 shares@ €4.53580.0049% mcap89.1% of flowShareXMILISIN IT0005495657CONSOB:188532
305,564 shares@ €4.32030.016% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186727
63,593 shares@ €4.32030.0032% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186723
214,245 shares@ €4.32030.011% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186725
48,608 shares@ €4.32030.0025% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186726
119,477 shares@ €4.32030.0061% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186722
78,455 shares@ €4.32030.0040% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186718
53,207 shares@ €4.32030.0027% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186715
50,873 shares@ €4.32030.0026% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186711
158,536 shares@ €4.32030.0081% mcap100.0% of flowShareXMILISIN IT0005495657CONSOB:186710
114,784 shares0ShareXMILISIN IT0005495657CONSOB:186639
169,253 shares0ShareXMILISIN IT0005495657CONSOB:186638
119,477 shares0ShareXMILISIN IT0005495657CONSOB:186637
137,191 shares0ShareXMILISIN IT0005495657CONSOB:186636
214,245 shares0ShareXMILISIN IT0005495657CONSOB:186635
104,864 shares0ShareXMILISIN IT0005495657CONSOB:186634
113,543 shares0ShareXMILISIN IT0005495657CONSOB:186633
659,208 shares0ShareXMILISIN IT0005495657CONSOB:186632
158,536 shares0ShareXMILISIN IT0005495657CONSOB:186631
3,500 shares@ €3.3562.5% of flowShareXMILISIN IT0005495657CONSOB:185832
8,613 shares@ €4.490.0008% mcap8.4% of flowShareXMILISIN IT0005495657CONSOB:183361
25 of 41 declarations
About Saipem SpA
Saipem SpA is an industrial engineering and services group listed on Borsa Italiana (FTSE MIB) in Italy, focused on the design, construction and operation of complex energy infrastructure both offshore and onshore. Headquartered in Milan, the company has built its franchise over more than 65 years and remains deeply embedded in Italy’s energy-industrial landscape. Saipem positions itself as a “One Company” operating in more than 50 countries through five business lines: Asset Based Services, Drilling and Sonsub, Energy Carriers, Offshore Wind and Sustainable Infrastructures. ([saipem.com](https://www.saipem.com/en/about-us?utm_source=openai))
The group’s roots go back to the post-war industrial expansion in Italy; Saipem states it was founded in that environment, with its first drilling operations dating back to 1959 offshore Gela in Sicily. That origin explains the company’s long-standing expertise in drilling, subsea work and offshore installation. Over time, Saipem broadened its scope through acquisitions and technology development, particularly in subsea robotics and energy infrastructure execution. ([saipem.com](https://www.saipem.com/en/saipem-story-en?utm_source=openai))
Read moreShow less
Operationally, Saipem covers a wide part of the project value chain: concept and feasibility studies, engineering, procurement, construction, installation, maintenance, modification, operations and decommissioning. Its offering spans fixed and floating platforms, subsea control systems, offshore and onshore pipelines, gas treatment units, compressor stations, LNG and regasification facilities, fertiliser-related infrastructure, offshore wind and broader decarbonisation-oriented projects. This breadth gives the company diversification, while still leaving it exposed to energy investment cycles and large-capex project timing. ([saipem.com](https://www.saipem.com/en/about-us/business-activities?utm_source=openai))
Saipem’s competitive position is supported by its execution know-how, industrial assets, drilling fleet, offshore heritage and ability to deliver technically demanding mega-projects, including deep-water work. The company markets itself as a global leader in offshore engineering and construction and highlights a worldwide client base that includes major oil companies and national energy players. Its international footprint and technical centres provide commercial reach and project delivery capabilities across multiple geographies. ([saipem.com](https://www.saipem.com/en/solutions-energy-transition/offshore?utm_source=openai))
Recent news shows improving momentum. In 2025, Saipem reported revenue of €15.5 billion, adjusted EBITDA of €1.7 billion, stronger free cash flow and backlog above €31 billion. In the first quarter of 2026, the company again reported improved profitability and a positive pre-IFRS 16 net cash position. Key corporate developments include the merger agreement signed with Subsea7 in July 2025 and the authorization to proceed with the Hammerhead offshore project for ExxonMobil Guyana. ([saipem.com](https://www.saipem.com/en/media/press-releases/2026-02-24/saipem-preliminary-results-fourth-quarter-and-financial-year-2025?utm_source=openai))
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